- HeidelbergCement signs new five year €3 billion revolving credit facility
- HeidelbergCement subsidiary Italcementi completes acquisition of Cementir Italia
- HeidelbergCement AG informs about impact of US tax reform
15 January 2018
HeidelbergCement has signed a new €3 billion syndicated credit facility to refinance the existing credit facility, which would have expired in February 2019. Taking into account two prolongation options of 1 year each, HeidelbergCement was able to secure historically attractive refinancing conditions until 2025. The credit margin was reduced by 20 bps to 35 bps points depending on the leverage. The new multicurrency credit facility is intended as liquidity back-up and can be used for cash drawdowns as well as for letters of credit and guarantees in euro and other currencies. “The new...
2 January 2018
Today, HeidelbergCement subsidiary Italcementi completed the acquisition of Cementir Italia. All conditions for the closing of the transaction have been fulfilled following the approval by the Italian competition authority.
2 January 2018
In the USA, a fundamental tax reform has become effective on 22 December 2017. An essential element of this tax reform is the reduction of the federal corporate tax rate from 35% to 21% as of the beginning of the year 2018. In addition, the regulations regarding the utilization of loss carryforwards were changed. As a consequence, especially deferred tax assets on losses and interest carried-forwards must be re-measured in the consolidated financial statement for 2017.