Heidelberger Druck extends credit line, increases high-yield bond

FRANKFURT Tue Dec 10, 2013 2:56am EST

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FRANKFURT Dec 10 (Reuters) - German printing press maker Heidelberger Druckmaschinen extended a credit line and increased the volume of a high-yield bond to bolster its financing structure.

It said on Tuesday it extended a syndicated credit line arranged in 2011 to mid-2017, but the volume will be reduced by to about 340 million euros ($466 million) from initially 390 million and will further shrink to about 277 million at the end of 2014.

It increased the volume of a bond due in 2018, with a coupon of 9.25 percent, by 50 million euros.

($1 = 0.7289 euros) Er Druk ($1 = 0.7289 euros) (Reporting by Maria Sheahan; Editing by Victoria Bryan)

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