HeidelbergCement signs new five year €3 billion revolving credit facility

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 syndicated credit facility agreement secures sufficient liquidity back-up for our company at historically attractive conditions until 2025,” says Dr. Bernd Scheifele, CEO of HeidelbergCement. “Thanks to the classification in the Investment Grade we could significantly improve the conditions and documentation of the new credit facility.”

The following 20 banks were mandated as bookrunners and Mandated Lead Arrangers in this transaction: Deutsche Bank, Bank of America Merrill Lynch, Barclays, BayernLB, BNP Paribas, Citigroup, Commerzbank, Crédit Agricole, Danske Bank, Helaba, ING Bank, Intesa Sanpaolo, JP Morgan, LBBW, Mediobanca, Morgan Stanley, RBI, SEB, Standard Chartered and Svenska Handelsbanken. Deutsche Bank is acting as documentation and facility agent.

About HeidelbergCement

HeidelbergCement is one of the world’s largest integrated manufacturers of building materials with leading market positions in aggregates, cement, and ready-mixed concrete. The company employs some 60,000 people at more than 3,000 locations in around 60 countries.

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