1 February 2012

HeidelbergCement extends its € 3 billion syndicated credit facility until the end of 2015

HeidelbergCement has secured an extension of its € 3 billion syndicated credit facility, which was due to mature at the end of 2013, until 31 December 2015. All 17 original lenders have confirmed their participation and two additional lenders joined the syndicate. The € 3 billion multicurrency credit facility is intended as liquidity back-up and can be used for cash drawings and guarantees.

Under the amendment, the margins increased by 25bps across the existing margin grid, with an additional 50bps pricing premium for US-dollar drawings. HeidelbergCement paid a one time amendment fee of 45bps and pays a first draw fee of 15bps whilst all other terms and conditions remained unchanged. The amendment and extension are subject to documentation and the approval of the supervisory board of HeidelbergCement. Signing is expected for mid-February.

“The successful extension of the syndicated credit facility agreement is a clear proof of the strength of our relationships with our core banks,” says Dr. Bernd Scheifele, CEO of HeidelbergCement. “The fact that two additional lenders joined the existing syndicate and we were able to limit the margin increase to only 25 basis points in an overall difficult financing market environment underlines the trust of the institutions in our company. With the extension of the credit facility, we secure sufficient liquidity back-up for our company until the end of 2015.”

Bank of America / Merrill Lynch, Bayern LB, BNP / Fortis, Citigroup, Commerzbank, Danske A/S, Deutsche Bank, Svenska Handelsbanken, Helaba, ING, Intesa, LBBW, Mediobanca, Morgan Stanley, Nordea, RBS, RBI, SEB, and Standard Chartered were mandated lead arrangers on the self arranged facility.

About HeidelbergCement

HeidelbergCement is one of the largest building materials manufacturers worldwide, as the global market leader in aggregates and with leading positions in cement, concrete, and other downstream activities. The Group employs around 54,000 people at 2,500 locations in more than 40 countries.

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Andreas Schaller

Group Spokesman, Director Group Communication & Investor Relations
Tel: 
+49 6221 481 13249
Fax: 
+49 6221 481 13217
HeidelbergCement AG
Berliner Straße 6
69120 Heidelberg
Germany

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