Bankers await details on HeidelbergCement restructuring

May 06, 2009 12:00 am

Germany’s debt-laden HeidelbergCement releases its eagerly-awaited first quarter results tomorrow and is set to provide more details on its attempts to restructure Eu9bn of loans. HeidelbergCement, a fallen angel rated B1/B-/B, is reportedly seeking to secure a Eu600m bridge loan by next Thursday and hopes to complete a broader restructuring within a few weeks. Read EuroWeek on Friday for bankers views on the borrower’s chances of success.

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