22 November 2010

HeidelbergCement improves credit terms

HeidelbergCement has agreed with its core banks better terms for its EUR 3 billion syndicated credit facility concluded in April 2010. The amendment agreement, effective immediately, includes a reduction in credit margins of up to 100 basis points, depending on the ratio of net debt to EBITDA. The favourable credit terms reflect the recent positive development of the performance of HeidelbergCement. The agreement is another successful step in the company’s cost reduction program.

About HeidelbergCement

HeidelbergCement is the global market leader in aggregates and a prominent player in the fields of cement, concrete and other downstream activities, making it one of the world’s largest manufacturers of building materials. The company employs some 55,000 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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