Heidelberg restructures loans but gives little detail

HeidelbergCement completed one of the biggest loan restructurings of the year when it signed a new Eu8.7bn facility on Thursday. The deal, which matures on December 15, 2011, ends months of negotiations with lenders and means that the company, rated B1/B-/B, can focus on deleveraging by disposing assets and raising equity.

  • 19 Jun 2009

The German building materials group, which had net debt of Eu11.6bn at the end of last year, has rolled about Eu5.6bn of syndicated loans and Eu3.2bn of bilateral lines into one facility.

Heidelberg did not disclose the amendment fee or the structure of the deal. But the margins are ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,865 12 12.28
2 Citi 2,800 7 8.90
3 Goldman Sachs 2,615 4 8.31
4 Credit Agricole 2,254 6 7.16
5 Barclays 2,006 6 6.38

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 12 Jun 2017
1 Citi 46,714.29 133 12.73%
2 Bank of America Merrill Lynch 43,017.27 121 11.73%
3 Wells Fargo Securities 36,865.83 105 10.05%
4 JPMorgan 25,897.27 79 7.06%
5 Credit Suisse 19,055.29 50 5.19%