Clifford Chance advised Heidelberger Druckmaschinen AG on placing convertible notes
Clifford Chance advised Heidelberger Druckmaschinen AG and the banking consortium as transaction counsel regarding the placement of convertible notes with a total volume of EUR 60 million.
The unsecured unsubordinated convertible bond has a maturity of 4 years. The coupon was set at 8.5 per cent.
The convertible notes were offered to institutional investors in the course of private placements in Germany and abroad. Heidelberg intends to apply for the convertible notes being admitted to the Open Market at the Frankfurt Stock Exchange.