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Symrise AG

EANS-News: Symrise AG
Symrise AG agrees term note of USD 175 million

Holzminden October 13th, 2010 (euro adhoc) -

- Term note represents another element of Symrise’s refinancing 
concept 
 - Private placement with US investor Prudential Investment 
Management Inc.
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Company Information
Subtitle: - Term note represents another element of Symrise’s 
refinancing concept - Private placement with US investor Prudential 
Investment Management Inc.
As part of its
refinancing concept, Symrise AG has agreed a senior term note of USD 
175 million with Prudential Investment Management Inc. In addition to
the planned bond issue, the US Private Placement represents another 
element of the refinancing concept that aims at an early redemption 
of the existing debt and establishes a longer-term financing for the 
Company.
The term note has a duration of 10 years and will be used to 
refinance existing debt. The note has a coupon of 170 basis points 
above the ten year US-Treasury-Bond and was offered to US investor 
Prudential Investment Management Inc. in a private placement.
Bernd Hirsch, Chief Financial Officer of Symrise AG said: "It is our 
objective to widen the basis of Symrise´s financing and to secure it 
in the long term. As part of our refinancing concept we have 
therefore decided to use different financing sources and -measures. 
With this 10 year senior term note, we have finalized another 
financing instrument at attractive conditions which complements our 
planned bond offering very well."
The main part of Symrise´s refinancing concept is the bond issue, 
regarding which the Company is currently in talks with investors in 
Germany and Europe. Symrise intends to redeem a total of 550 million 
EUR of debt which matures at the end of 2011.
About Symrise
Symrise is a global supplier of fragrances and flavorings while also 
manufacturing raw materials and active ingredients for the perfume, 
cosmetics and food industries.
Its sales of EUR 1.36 billion in 2009 place the company among the top
four in the international flavors and fragrances market. 
Headquartered in Holzminden, Germany, Symrise is represented in over 
35 countries in Europe, Asia, the United States and Latin America.
Used by manufacturers of perfumes, cosmetics and foods, our products 
are an inseparable part of daily life. At Symrise we combine an 
awareness of consumer trends with cutting-edge technologies, focusing
on 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