ALTANA successfully places €150 million German Schuldschein

(PresseBox) (Wesel, ) The specialty chemicals Group ALTANA has successfully issued a German Schuldschein with a volume of €150 million. The transaction was placed with about 100 banks, savings banks and institutional investors, and was four times oversubscribed. In view of the strong demand the loan amount was raised from €100 million to a total of €150 million within the framework of the securing process. The Schuldschein is divided into two tranches, with a maturity of four and six years.

ALTANA has issued a Schuldschein for the first time. It strengthens the company's long-term financing capacities and will be used to partially refinance a syndicated credit line of €400 million which, for the most part, will expire in the spring of 2013.

Furthermore, the transaction enables the company to diversify its financing instruments and helps safeguard ALTANA's flexibility for further growth. Both tranches are partially furnished with a variable interest and partially with a fixed interest rate. Due to the great level of interest in this transaction, the interest rate was set at the lower end of the marketing range. The fixed-interest rate is set at an average of 2.78 % per year. The issue was arranged by the two accompanying banks HSBC Trinkaus and Landesbank Baden-Württemberg.

This press release contains forward-looking statements, i.e. current estimates or expectations of future events or future results. These statements are based on beliefs of ALTANA as well as assumptions made by and information currently available to ALTANA. Forward-looking statements speak only as of the date they are made. ALTANA does not intend, and does not assume any obligation, to update forward-looking statements to reflect facts, circumstances or events that have occurred or changed after such statements have been made.


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Sven Kremser
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Heike Dimkos
Corporate Communications
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