K+S Aktiengesellschaft

EANS-News: K+S Aktiengesellschaft
Financing the acquisition of Morton Salt K+S successfully arranges EUR 1.55 billion of Credit Facilities

K+S Aktiengesellschaft / Financing the acquisition of Morton Salt K+S successfully arranges € 1.55 billion of Credit Facilities -------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- banks/capital investment/companies/merger, acquisition and takeover Kassel (euro adhoc) - Kassel, 3 June 2009 Financing the acquisition of Morton Salt K+S successfully arranges EUR 1.55 billion of Credit Facilities K+S Aktiengesellschaft has signed a EUR 1.55 billion Syndicated Term Loan and Revolving Credit Facilities (the "Facilities") on May 18, 2009. K+S will use the Facilities to finance the acquisition of Morton Salt (transaction value of USD 1.675 billion) and for general corporate purposes. With this transaction, K+S is one of the first companies which successfully arranged such a broad syndication in the banking sector within the last year. K+S considers the oversubscription of the Syndicated Term Loan as a positive confirmation of its strong financial basis. The Facilities were arranged by the Mandated Lead Arrangers and Bookrunners Bayerische Hypo- und Vereinsbank AG, Dresdner Kleinwort and Société Générale Corporate & Investment Banking. The Facilities are split into a EUR 500 million term loan facility (Tranche A), a EUR 450 million amortizing term loan facility (Tranche B) and a EUR 600 million revolving credit facility (Tranche C). Tranche A has a 1 year maturity with a 6 months extension option, Tranche B and Tranche C have a tenor of 3 years. Tranche C was not syndicated as it was replaced by the existing June 2008 EUR 600 million Revolving Credit Facility on which all lenders have consented to a waiver amending the terms and conditions of this facility to be in line with the new Tranche C. Syndication was launched on April 21st, 2009 and was very well received in the market ending up in a substantial oversubscription. Consequently K+S decided to increase the Facilities to EUR 1.55 billion from the launch amount of EUR 1.4 billion through Tranche B. The syndicate comprises the following banks: Mandated Lead Arranger and Bookrunners: Bayerische Hypo- und Vereinsbank AG, Dresdner Kleinwort and Société Générale Corporate & Investment Banking Mandated Lead Arrangers: BNP Paribas, Deutsche Bank AG, DZ Bank AG, Grupo Santander, Helaba, HSBC Trinkaus und Burkhardt AG, HSH Nordbank, LBBW, WestLB and RBS Lead Arrangers: Deutsche Postbank and Morgan Stanley Experience growth The K+S Group is one of the world's leading suppliers of speciality and standard fertilizers, plant care as well as salt products. With its products and brands, K+S offers its customers a range of needs-based goods and services which provides growth opportunities in virtually every sphere of daily life. The K+S Group employs more than 12,000 people and achieved revenues of just under EUR 5.0 billion in 2008. K+S is quoted on all German stock exchanges (ISIN: DE0007162000, symbol: SDF) and listed on the DAX® share index. K+S is rated BBB+ (stable) by Standard & Poor's and Baa2 (stable) by Moody's. Your contact persons: Press: Investor Relations: Michael Wudonig Christian Herrmann Phone: +49 561 9301-1262 Phone: +49 561 9301-1460 Fax: +49 561 9301-1666 Fax: +49 561 9301-2425 michael.wudonig@k-plus-s.comchristian.herrmann@k-plus-s.com Forward-looking statements This press release contains facts and forecasts that relate to the future development of the K+S Group and its companies. The forecasts are estimates that we have made on the basis of all the information available to us at this moment in time. Should the assumptions underlying these forecasts prove not to be correct, actual events may deviate from those expected at the present time.oliver.morgenthal@k-plus-s.com end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: K+S Aktiengesellschaft Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Your contact persons: Press: Investor Relations: Michael Wudonig Christian Herrmann Phone: +49 561 9301-1262 Phone: +49 561 9301-1460 Fax: +49 561 9301-1666 Fax: +49 561 9301-2425 michael.wudonig@k-plus-s.comchristian.herrmann@k-plus-s.com Branche: Chemicals ISIN: DE0007162000 WKN: 716200 Index: DAX, Midcap Market Index, CDAX, Classic All Share, HDAX, Prime All Share Börsen: Frankfurt / regulated dealing/prime standard Berlin / regulated dealing Hamburg / regulated dealing Stuttgart / regulated dealing Düsseldorf / regulated dealing Hannover / regulated dealing München / regulated dealing

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