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

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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  Soci√©t√©  G√©n√©rale 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  Soci√©t√©  G√©n√©rale 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¬ģ  share  index.  K+S  is  rated BBB+ (stable) by Standard & Poor's and Baa2 (stable) by Moody's.

Your contact persons:

@@start.t2@@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.com         christian.herrmann@k-plus-s.com

Forward-looking statements This press release contains facts  and  forecasts  that  relate  to  the  future@@end@@

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

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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.com         christian.herrmann@k-plus-s.com

Branche: Chemicals
ISIN:      DE0007162000
WKN:        716200
Index:    DAX, Midcap Market Index, CDAX, Classic All Share, HDAX,
              Prime All Share
B√∂rsen:  Frankfurt / regulated dealing/prime standard
              Berlin / regulated dealing
              Hamburg / regulated dealing
              Stuttgart / regulated dealing
              D√ľsseldorf / regulated dealing
              Hannover / regulated dealing
              M√ľnchen / regulated dealing



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