Heidelberger Druckmaschinen AG

Postfach 10 29 40
69019 Heidelberg
Germany

Kurfürsten-Anlage 52–60
69115 Heidelberg

Thomas Fichtl

Phone +49 6222 82-67123
Fax +49 6222 82-67129

Thomas.Fichtl@heidelberg.com
www.heidelberg.com

June 18, 2018             

Heidelberg optimizes capital structure – further logical step to reduce interest payments
		
•	Company partially redeems existing 
high-yield bond running to 2022
•	Around €55 million to be repaid 
from cash on hand in mid-July
•	Financing structure improved: Lower annual 
interest means greater room for maneuver in future  

Heidelberger Druckmaschinen AG (Heidelberg) is optimizing its financing structure. The company today decided to redeem a sum of around €55 million from the current high-yield bond (with a coupon of 8 percent), which runs to 2022 and amounts to some €205 million. This sum will be repaid on July 18, 2018. Issued in 2015, the bond was a key element in extending the financing structure’s maturity profile at that time. The repayment is being made from cash on hand and will have a positive impact on the financial result from the next financial year onward.

Heidelberg is planning to reduce its financing interest by close to half to around €20 million in the medium term. Having recently extended its syndicated credit line for approximately €320 million to 2023, Heidelberg will still have some €700 million available to invest in the digital transformation following its planned partial redemption of the high-yield bond. 

“We’re continuously working on optimizing our financing framework and capital structure,” said Heidelberg CFO Dirk Kaliebe. “We have numerous options at our disposal for driving forward our growth strategy while also further reducing interest costs by improving the financing framework and choosing the appropriate options to take us into the digital future,” he added.

In accordance with the bond conditions, the repayment on July 18, 2018 will take place by means of a publicly announced early redemption with a redemption value, including redemption premium, of 104 percent. The notice of redemption can also be viewed directly on the Luxembourg Stock Exchange’s website.

For additional details about the company and image material, please visit the Press Lounge of Heidelberger Druckmaschinen AG at www.heidelberg.com.

Heidelberg IR now on Twitter:

Link to the IR Twitter channel: https://twitter.com/Heidelberg_IR 
On Twitter under the name: @Heidelberg_IR 

Further information: 
Heidelberger Druckmaschinen AG

Corporate Communications 
Thomas Fichtl
Phone: +49 6222 82-67123
Fax: +49 6222 82-67129
E-mail: Thomas.Fichtl@heidelberg.com

Investor Relations 
Robin Karpp 
Phone: +49 6222 82-67120 
Fax: +49 6222 82-99 67120 
E-mail: robin.karpp@heidelberg.com	

Important note:

This press release contains forward-looking statements based on assumptions and estimations by the Management Board of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the Management Board is of the opinion that those assumptions and estimations are realistic, the actual future development and results may deviate substantially from these forward-looking statements due to various factors, such as changes in the macro-economic situation, in the exchange rates, in the interest rates and in the print media industry. Heidelberger Druckmaschinen Aktiengesellschaft gives no warranty and does not assume liability for any damages in case the future development and the projected results do not correspond with the forward-looking statements contained in this press release.