1. Carsted Rosenberg LLP Advises on
Heidelberger Druckmaschinen AG EUR
51,000,000 High Yield Bond
Press Release • Feb 24, 2014 08:00 CET
Heidelberger Druckmaschinen AG successfully issued a EUR 51,000,000 German-law governed high yield
bond, which constitutes a further issuance of, and will form a single class with, Heidelberg’s existing 9.25
percent bond due 2018. The tap on its high-yield bond, which is governed by German law, was placed with
international investors. The notes were listed on the Luxembourg Stock Exchange. The tap was done under
essentially the same terms and conditions as in early 2011 and is also due in 2018. A change in local -
legislation has allowed high-yield bonds to be issued under German law. Previously, all such bonds would have
been US-governed.
Cravath Swaine & Moore and Hengeler Müller advised the banks, which were led by Deutsche Bank, on the
bond issue.
Lead by global law firm Clifford Chance, Frankfurt, as global lead counsel, Clifford Chance, New York, Clifford
Chance, London, Clifford Chance, Amsterdam, Clifford Chance, Paris, Clifford Chance, Singapore, Clifford
Chance, Tokyo, Clifford Chance, Hong Kong, Fasken Martineau DuMoulin, Toronto, King & Wood Mallesons,

2. Sydney, Wolf Theiss, Vienna and Carsted Rosenberg, Copenhagen all acted as local counsels to Heidelberger
Druckmaschienen AG on the successful issue of the EUR 51,000,000 High Yield Bonds.
White & Case, Munich as global lead counsel and White & Case, New York, White & Case, London, White &
Case, Paris, White & Case, Hong Kong, White & Case, Tokyo, Nauta Dutilh, Amsterdam, Stiekmann Elliott,
Toronto, Schönherr, Vienna, Allens Arthur Robinson, Sydney and Gorrissen Federspiel, Copenhagen advised
the banks.
Carsted Rosenberg LLP is an international law firm with offices in Copenhagen and Frankfurt that specialises in
cross-border banking & finance, capital markets, mergers & acquisitions and corporate and commercial
matters.
For further information please visit www.carstedrosenberg.com
Contact: Michael Carsted Rosenberg