Brief: Heidelberger Druckmaschinen Pays Back Existing High-Yield Bond Before Maturity

Heidelberger Druckmaschinen AG

07/08/2020 13:58

Aug 7 (Reuters) - HEIDELBERGER DRUCKMASCHINEN AG  HDDG.DE :
    * TAKES NEXT SIGNIFICANT STEP TOWARDS FINANCIAL
STABILIZATION AND
TRANFORMATION
    * PAYS BACK EXISTING HIGH-YIELD BOND WITH TERM UNTIL 2022
BEFORE
MATURITY
    * ON SEPTEMBER 9, 2020, REMAINING EUR 150 MILLION OF BOND
PLUS
ACCRUED INTEREST WILL BE REPAID FROM CASH RESOURCES
    * PAYBACK WILL BE FUNDED FROM CASH RESERVES AND WILL
UNBURDEN
FINANCIAL RESULT BY APPROX. EUR 12 MILLION PER YEAR
    * WILL TAKE PLACE BY MEANS OF PUBLICLY ANNOUNCED OPTIONAL
EARLY
REDEMPTION WITH A REDEMPTION VALUE OF 100 PERCENT PLUS ACCRUED
INTEREST
    * CONTINUES TO HAVE A STABLE FINANCIAL FRAMEWORK, AMONG
OTHER
THINGS DUE TO A SYNDICATED CREDIT LINE WHICH IS AGREED UNTIL
2023.

Source text for Eikon:  ID:nEQ7g3Y95a 
Further company coverage:  HDDG.DE 

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