Heidelberg secures financing

Press vendor Heidelberg said it has secured a $2 billion credit line from a group of banks and German government entities. The company, which reportedly is in merger discussions with manroland, said it now has enough financing to assure its liquidity for “the next few years.”
The financing will cover the company’s operations through mid-2012, Heidelberg said.
In a statement, Heidelberg Chief Financial Officer Dirk Kaliebe said the new financing “will enable the company to bridge the period until the difficulties in securing loans within the financial system ease.”