Heidelberg Optimizes Financing Structure – Basis for Investment in Future Growth

  • New credit line that runs till 2023 creates flexibility and long-term planning certainty for the company’s digital transformation
  • Aim to considerably reduce financing costs

Heidelberger Druckmaschinen AG (Heidelberg) has further optimized its financing structure and agreed on a new syndicated credit line with improved conditions with its banking group. By taking out the credit line with a higher total of €320 million and a term that runs until March 2023, the company is creating financial flexibility and longer-term planning certainty. Besides supporting the day-to-day operational business of the global organization, the new credit facility underpins the strategy of further expanding new digital business models, such as the newly established subscription portfolio.

“This refinancing is another sign of the banks’ confidence in our strategic roadmap to a digital future,” said Dirk Kaliebe, CFO of Heidelberg. “The financial basis for our new digital technologies and business models has been secured for the long term. We have numerous options at our disposal for driving forward our growth strategy. At the same time, we are able to further reduce interest costs by optimizing the financial framework.”

read more/source: https://www.heidelberg.com/global/en/company/press_1/press_release/press_release_details/press_release_89728.jsp

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