KHD grants € 50 million intercompany loan

Cologne, Germany, September 29, 2017 – KHD Humboldt Wedag International AG (KHD) has reached an agreement on granting an additional € 50 million loan to AVIC International Kairong Limited, Hong Kong, as the borrower. This loan will run from November 13, 2017 and will replace a loan that has been granted to AVIC International (HK) Group Ltd., Hong Kong, which will become due for repayment on November 13, 2017.

The loan is secured by a corporate guarantee from AVIC and bears interest at a rate of 5.7% p.a. The term of the loan agreement is three years and it is due for repayment on November 13, 2020.

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
Jürgen Luckas
Chief Financial Officer

Tel.: +49 (0)221 – 6504-1107
E-Mail: juergen.luckas@khd.com
Website: www.khd.com

Related topics

KHD signs contracts in India

Humboldt Wedag India Private Ltd. (“HW India”), New Delhi, India, and Humboldt Wedag GmbH (“HW GmbH”), Cologne, Germany, both being subsidiaries of KHD Humboldt Wedag International AG (“KHD”), Cologne, have signed contracts with ACC Limited, a Group company of LafargeHolcim Ltd.

KHD signs contract in the USA

Humboldt Wedag, Incorporated (HW Inc.), Norcross, Georgia/USA, a subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne, has signed a contract with Lehigh Cement Company LLC, a subsidiary of HeidelbergCement Group.

KHD signs letter of intent

Humboldt Wedag, Incorporated (HW Inc.), Norcross, Georgia/USA, a subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne, concluded a non-binding letter of intent with a customer in North America.