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

Kassel (euro adhoc) -

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, 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.com       christian.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

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
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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