Heidelberg launches rights issues after debt refi

HeidelbergCement this week announced plans for a deeply dilutive rights issue as part of a restructuring effort that has already involved the renegotiation of Eu8.7bn of syndicated loans and bilateral facilities. The plans received a warm reaction from shareholders, who sent the stock up 12% on Tuesday.

  • 15 Sep 2009
Heidelberg (B1/B-/B) will sell 62.5m new shares in a rights issue starting next week and use the funds to pay down debt, and will put up to an additional 62.5m existing shares on offer in an institutional placement to be launched next Tuesday (September 22). The firm’s major ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%