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Symrise AG

EANS-News: Symrise AG
Symrise plans inaugural bond issue

Holzminden October 6, 2010 (euro adhoc) -

- An element of a comprehensive refinancing approach
- Access to a new source of financing
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Capital measures
Subtitle: - An element of a comprehensive refinancing approach
- Access to a new source of financing
Symrise AG plans to issue
its first bond. The company intends to take advantage of the 
currently favorable market environment and plans to refinance 
existing financial debt in the context of a comprehensive refinancing
approach.
Symrise plans to meet institutional investors during a roadshow in 
major European financial centers scheduled for October 11th through 
13th. UniCredit, Commerzbank and Deutsche Bank have been appointed as
Lead Managers for the transaction.
Bernd Hirsch, Chief Financial Officer of Symrise AG, said: "The 
planned bond issue is an important step of our financing activities. 
In spring of this year we announced that we planned to optimize our 
financing at the appropriate time on a longer-term basis. The capital
market environment is favorable, and a bond allows us to tap another 
source of financing for Symrise. We are convinced that our 
profitability, our robust cash flow and our solid equity basis will 
attract great interest."
Symrise intends to supplement the planned bond issue by further 
refinancing measures with the objective to refinance a total of 550 
million EUR debt which are due at the end of 2011.
About Symrise Symrise is a global supplier of fragrances, flavorings 
and raw materials as well as active ingredients for the perfume, 
cosmetics and food industry. Its sales of EUR 1.36 billion in 2009 
place the Company among the top four in the international flavor and 
fragrance market. Headquartered in Holzminden, Germany, Symrise is 
represented in more than 35 countries in Europe, Asia, the United 
States and South America. Used by manufacturers of perfumes, 
cosmetics and foods, our innovative products are an inseparable part 
of daily life. At Symrise we combine an awareness of consumer trends 
with cutting-edge technologies, focusing on developing innovative 
fashion and lifestyle products that have additional practical value 
for the consumer.
Symrise - always inspiring more…
www.symrise.com
end of announcement                               euro adhoc

Further inquiry note:

Media Contact:
Bernhard Kott
phone +49 (0)5531 90-1721
bernhard.kott@symrise.com

Branche: Chemicals
ISIN: DE000SYM9999
WKN: SYM999
Index: MDAX
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade

Plus de actualités: Symrise AG
Plus de actualités: Symrise AG