Heidelberg Pays Off Loan Ahead of Schedule

“We would like to thank the KfW for supporting us during the financial and economic crisis and helping us to bridge this difficult period. It was, however, always understood that we would revert to capital market financing as soon as possible. As announced, we therefore used all the net proceeds from the capital increase in September 2010 to reduce our financial liabilities. We then repaid the outstanding sum of approximately EUR 102 million due under the KfW loan ahead of schedule on Dec. 30, 2010. This has simplified our financing structure and will also facilitate our future refinancing,” said Heidelberg CFO Dirk Kaliebe.