HeidelbergCement is in talks with banks about a self-arranged loan that will refinance debt remaining from last year’s loan restructuring, bankers said on Tuesday.

HeidelbergCement extended the maturity of its loans until December 2011 in a EUR8.7bn loan restructuring in June last year.

“It’s true they [HeidelbergCement] are talking about a new refinancing,” a banker close to the deal said,

Source: Reuters
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