HeidelbergCement seals Eu3bn with leverage grid
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HeidelbergCement seals Eu3bn with leverage grid

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Germany’s HeidelbergCement has signed 17 banks into a Eu3bn self-arranged facility, which will be used to repay some of its bank debt maturing in 2011. The new deal carries a 300bp margin, which could drop to a much lower level if the company can reduce its debt to Ebitda ratio.

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