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Heidelberger Druckmaschinen plans roadshow for €200 million offering of seven-year notes
By Paul A. Harris
Portland, Ore., April 13 – Germany’s Heidelberger Druckmaschinen AG plans to start a roadshow on Tuesday for a €200 million offering of seven-year senior notes (Caa1/CCC+), according to a market source.
The roadshow is set to wrap up on Thursday.
Joint bookrunner Deutsche Bank will bill and deliver for the Rule 144A and Regulation S offering. BNP Paribas, Commerzbank, HSBC and LLBW are also joint bookrunners.
DZ Bank and IKB are the co-managers.
The notes come with three years of call protection.
The Heidelberg, Germany-based manufacturer of offset printing presses plans to use the proceeds to fund the redemption of part of its 9¼% senior notes due 2018.
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