Symrise AG

EANS-News: Symrise AG
Symrise plans inaugural bond issue

- An element of a comprehensive refinancing approach - Access to a new source of financing

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Capital measures

Subtitle: - An element of a comprehensive refinancing approach - Access to a new source of financing

Holzminden October 6, 2010 (euro adhoc) - 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…

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ots Originaltext: Symrise AG
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Further inquiry note:
Media Contact:
Bernhard Kott
phone +49 (0)5531 90-1721

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

Weitere Meldungen: Symrise AG

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