HeidelbergCement hacks 30bp off loan margin with refi

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HeidelbergCement hacks 30bp off loan margin with refi

heidelberg-cement.jpg

Germany's HeidelbergCement has slashed the margin it pays for syndicated loans, signing a new €3bn five year refinancing loan with an out of the box margin of 95bp, a 30bp reduction on the debt it is repaying.

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