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Symrise AG

EANS-News: Symrise AG issues bond with a volume of 300 million EUR

• Second element of comprehensive refinancing concept successfully completed • Four times oversubscription demonstrates strong interest of investors • Duration of seven years • Coupon of 4.125 %

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Capital measures/Company Information

Subtitle: • Second element of comprehensive refinancing concept successfully completed • Four times oversubscription demonstrates strong interest of investors • Duration of seven years • Coupon of 4.125 %

Holzminden (euro adhoc) - For the first time in company history Symrise AG has issued a bond with a volume of 300 million EUR. The bond has a duration of seven years and a coupon of 4.125 %. It was offered to institutional and retail investors in Europe. The bond which was four times oversubscribed is the core element of the refinancing concept. It will be used for an early redemption of existing debt and to establish a longer term financing for the company.

Bernd Hirsch, Chief Financial Officer of Symrise AG said: "We are pleased with the successful issue of our first bond and the positive response from investors. We have raised proceeds of 300 million EUR at attractive conditions. Together with the long-term loan of 175 million US$, which has already been obtained, we are making good progress in our refinancing phase. We have set the basis for a stable financing of our company´s development in the long-term."

The bond was placed by Commerzbank, Deutsche Bank and UniCredit and trades under ISIN DE000SY117779 on the Regulated Market of the Luxemburg Stock Exchange.

Parallel to the bond issuance, Symrise successfully completed a private placement of 175 million US$ with the US investor Prudential (Pricoa Capital Group). In addition, Symrise is currently negotiating a revolving credit facility. The finalization and thereby the completion of the refinancing is to be expected shortly.

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 cuttingedge 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
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Further inquiry note:

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

Original-Content von: Symrise AG, übermittelt durch news aktuell

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