Heidelberg Optimizes Financing Structure – Basis for Investment in Future Growth

  • New credit line that runs till 2023 creates flexibility and long-term planning certainty for the company’s digital transformation
  • Aim to considerably reduce financing costs

Heidelberger Druckmaschinen AG (Heidelberg) has further optimized its financing structure and agreed on a new syndicated credit line with improved conditions with its banking group. By taking out the credit line with a higher total of €320 million and a term that runs until March 2023, the company is creating financial flexibility and longer-term planning certainty. Besides supporting the day-to-day operational business of the global organization, the new credit facility underpins the strategy of further expanding new digital business models, such as the newly established subscription portfolio.

“This refinancing is another sign of the banks’ confidence in our strategic roadmap to a digital future,” said Dirk Kaliebe, CFO of Heidelberg. “The financial basis for our new digital technologies and business models has been secured for the long term. We have numerous options at our disposal for driving forward our growth strategy. At the same time, we are able to further reduce interest costs by optimizing the financial framework.”

read more/source: https://www.heidelberg.com/global/en/company/press_1/press_release/press_release_details/press_release_89728.jsp

Related Posts

Mohawk Partners with Lawton Connect to Redefine the Scratch Off Printing Market

Mohawk, family owned paper makers since 1931, have entered into a strategic partnership with commercial printer Lawton Connect, family owned since 1900, to form Mr. Scratch Off LLC. This partnership has been formed around the introduction of an innovative new technology using HP Indigo printing to produce the first 4-color, scratch off printed products in the world. Currently, printing for scratch off products uses single or multi-color printed images which are covered by a single-color fixed shape, applied with a flexographic press. This new capability allows both the scratch off area and the image beneath to be a multi-color print and fully variable from piece to piece; all using high resolution, HP Indigo printing. Click Read More below for additional information.

SPC Expands Lettershop Resources with the Acquisition of American Marketing Services

Specialty Print Communications (SPC) added another milestone on its strategic growth path by acquiring the assets of American Marketing Services & Consultants (AMS). Based in Mundelein, IL, AMS was founded in 1976 and provides a number of mail, letter shop & fulfillment services for companies of all sizes. With an experienced team and state of the art equipment, AMS provides added firepower to SPC’s existing lettershop. “We are excited to have AMS onboard”, stated Adam LeFebvre, SPC President. “We have a long history with AMS and the timing is right for us to make this important investment. Our business has seen dramatic growth in recent years and an expanded lettershop team will help us keep up with client demand.” SPC has retained the entire AMS team and will integrate all lettershop operations within its existing facility in Niles.

Quad/Graphics Awarded $450 Million Contract to Print 100% of Bluestem Brands’ Catalogs

Quad/Graphics, Inc. announced that it has extended and expanded its relationship with Bluestem Brands, Inc., a multi-brand online retailer, under a newly signed multi-year contract valued at more than $450 million over the term. Beginning January 1, 2018, Quad/Graphics will supply paper purchasing, printing and mail/distribution services for all 13 of Bluestem Brands online retail brands. Currently, Quad/Graphics prints catalogs and provides premedia services, including prepress, digital photography and video production, for the online retailer’s Fingerhut and Gettington brands. Soon, Quad/Graphics will begin printing catalogs for 11 additional brands, all of which are under Bluestem’s Orchard portfolio. Click Read More below for additional detail.
Back To Top
×Close search
Search