Friday, July 13, 2007

HeidelbergCement Raises $22 Billion of Loans to Finance Hanson Acquisition

(Bloomberg) -- HeidelbergCement AG, Germany's
largest cement maker, finished raising $22 billion of loans to
finance its acquisition of Hanson Plc.

HeidelbergCement started marketing the loans on June 7,
before global credit markets slumped as U.S. subprime mortgage
defaults increased. The financing drew 46 banks, including
arrangers Royal Bank of Scotland Group Plc and Deutsche Bank AG.


Read more at Bloomberg Bonds News

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