Clariant successfully places EUR 300 million of certificates of indebtedness
Muttenz, April 07, 2015 - Clariant, a world leader in specialty chemicals, announced today the issuance of totally EUR 300 million in the German market for certificates of indebtedness ('Schuldschein'). The four certificates have a term of 5 years (EUR 150 million) respectively 8 years (EUR 150 million) each with fix or float coupons.
The interest to be paid for the certificates of indebtedness is based on six months Euribor (variable tranche) or mid-swap (fixed tranche), respectively, plus a credit margin premium (spread). Total interest costs per tranche are between 1.1% and 1.6% p.a. at present.
Clariant has further improved its debt maturity profile with the issuance of these certificates. The proceeds are for general corporate purposes and refinancing.
Joint arrangers of the very successful issue were Bayerische Landesbank and Landesbank Baden-WÃŒrttemberg.
Corporate Media Relations Investor Relations
Carsten Seum Siegfried Schwirzer
Phone +41 61 469 63 63 Phone +41 61 469 67 49 carsten.seum@clariant.com siegfried.schwirzer@clariant.com
Stefanie Nehlsen Marco Ferraro
Phone +41 61 469 63 63 Phone +41 61 469 64 11 stefanie.nehlsen@clariant.com marco.ferraro@clariant.com
www.clariant.com
Clariant is a globally leading specialty chemicals company, based in Muttenz near Basel/Switzerland. On December 31, 2014 the company employed a total workforce of 17 003. In the financial year 2014, Clariant recorded sales of CHF 6.116 billion for its continuing businesses. The company reports in four business areas: Care Chemicals, Catalysis & Energy, Natural Resources, and Plastics & Coatings. Clariant's corporate strategy is based on five pillars: increase profitability, reposition portfolio, add value with sustainability, foster innovation and R&D, and intensify growth.
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Source: Clariant Finance (Luxembourg) S.A. via GlobeNewswire [HUG#1908931]
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