Symrise AG

EANS-News: Symrise AG
Symrise successfully concludes refinancing

- Third element of comprehensive refinancing concept finalized - Revolving credit facility with a volume of 300 million €

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Capital measures/Refinancing

Subtitle: - Third element of comprehensive refinancing concept finalized - Revolving credit facility with a volume of 300 million €

Holzminden, December 6, 2010 (euro adhoc) - Symrise AG has obtained a revolving credit facility with a volume of 300 million EUR, thereby successfully concluding the Group´s refinancing concept. The revolving credit facility has a duration of five years and serves to replace liabilities due at the end of 2011 as well as to finance further growth.

The comprehensive refinancing concept was successfully concluded over the past three months at very attractive conditions. In addition to the revolving credit facility, the Group also raised 300 million EUR through the issue of its first bond, which has a term of seven years. In October, Symrise also obtained a longterm loan in the amount of USD175 million in conjunction with a private placement. The refinancing concept places Group financing on a longer term basis and is more diversified with respect to the maturity profile and the sources of financing than it was previously the case.

Bernd Hirsch, Chief Financial Officer of Symrise AG, said: "We are pleased that we were able to successfully finalize our refinancing within a very short time. The positive response on the part of lenders and investors shows that we are a strongly growing, very well-positioned company in an attractive market. For the coming years we are in a very solid financial position and have set the basis to implement our strategy which aims at profitable growth."

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 moreÂ…

end of announcement                               euro adhoc

Further inquiry note:

Media Contact:
Bernhard Kott
phone +49 (0)5531 90-1721

Branche: Chemicals
ISIN: DE000SYM9999
Index: MDAX
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
DĂĽsseldorf / free trade
Hannover / free trade
MĂĽnchen / free trade

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