KHD Concludes Negotiations on New Bank Guarantee Bonding Facility Totaling € 130,000,000
Cologne, Germany, March 21, 2012 – KHD Humboldt Wedag International AG (KHD), one of the global leaders for providing equipment and services to cement producers, has successfully concluded negotiations on a new bank guarantee bonding facility with a total amount of € 130 million. An existing bank guarantee bonding facility of € 150 million was replaced by this new agreement.
The new bank guarantee bonding facility has a term of three years and is provided by a consortium of banks led by Deutsche Bank AG and Raiffeisenbank International AG. In combination with KHD’s comfortable liquidity position, this provides a solid foundation upon which the Group’s market position can be consolidated and developed in the coming years.
KHD Group
KHD is a global leader for providing equipment and services to cement producers with over 150 years of experience in the cement industry. Process engineering and project management are among the core competencies of the technology-focused group. KHD offers a wide spectrum of products and services for the cement industry and is a leader in environmentally friendly and energy-efficient products for the grinding and pyro processing sections of the plants. The holding company KHD Humboldt Wedag International AG, based in Cologne, Germany, coordinates its internationally operating subsidiaries. The group employs more than 750 employees worldwide, including customer service centers in growing markets like India, Russia and the Asia Pacific region. KHD Humboldt Wedag International AG (ISIN: DE0006578008, WKN: 657800) is listed on the Frankfurt stock exchange (General Standard). More information: www.khd.com.
Additional Information
ISIN: DE0006578008
Securities identification number (WKN): 657800
Market segment: Regulated Market (General Standard) of the Frankfurt Stock Exchange
KHD Humboldt Wedag International AG
Colonia-Allee 3
51067 Cologne, Germany
Contact
KHD Humboldt Wedag International AG
Elisabeth Prigge
Investor Relations
Tel.: +49 (0)221 – 6504-1500
Fax: +49 (0)221 – 6504-1409
E-Mail: elisabeth.prigge@khd.com
Website: www.khd.com