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Italcementi adds HeidelbergCement as guarantor to 6 1/8%, 5 3/8% notes
By Susanna Moon
Chicago, Feb. 2 – Italcementi Finance SA said it added HeidelbergCement AG as an additional guarantor of its €150 million add-on to its 6 1/8% senior notes due Feb. 21, 2018 and to its €750 million 5 3/8% notes due March 19, 2020.
The new guarantor has been added to and does replace the existing guarantee by Italcementi SpA, according to a company notice.
HeidelbergCement acquired a 45% equity stake in Italcementi SpA from Italmobiliare SpA, according to a separate announcement last July 1.
The issuer is a Bergamo, Italy-based cement company.
HeidelbergCement is a Heidelberg, Germany-based building materials company.
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