Clariant places USD 276.5 million and EUR 95 million of certificates of indebtedness
Muttenz, August 05, 2016 - Clariant, a world leader in specialty chemicals, announced today the issuance of USD 276.5 million and EUR 95 million of debt in the German market for certificates of indebtedness ('Schuldschein'). The USD- denominated tranche has a term of 5 years. The certificates in EUR have terms of 5 years and 7 years.
The interest to be paid for the certificates of indebtedness is based on six- month Euribor and three-month USD Libor (variable tranche) or mid-swap (fixed tranche), respectively, plus a credit margin premium (spread). Total interest costs of the fixed tranches range between 0.78 % and 2.62 % p.a.
The proceeds are for refinancing and general corporate purposes.
Sole arranger of the issue is Landesbank Hessen-ThÃŒringen Girozentrale.
Corporate Media Relations Investor Relations
Carsten Seum Anja Pomrehn
Phone +41 61 469 63 63 Phone +41 61 469 67 45 carsten.seum@clariant.com anja.pomrehn@clariant.com
Claudia Kamensky Steven Massheder
Phone +41 61 469 63 63 Phone +41 61 469 68 58 claudia.kamensky@clariant.com steven.massheder@clariant.com
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www.clariant.com
Clariant is a globally leading specialty chemicals company, based in Muttenz near Basel/Switzerland. On 31 December 2015 the company employed a total workforce of 17 213. In the financial year 2015, Clariant recorded sales of CHF 5.807 billion for its continuing businesses. The company reports in four business areas: Care Chemicals, Catalysis, Natural Resources, and Plastics & Coatings. Clariant's corporate strategy is based on five pillars: focus on innovation through research & development, add value with sustainability, reposition the portfolio, intensify growth, and increase profitability.
Press release english: http://hugin.info/139777/R/2033181/756969.pdf
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Source: Clariant Finance (Luxembourg) S.A. via GlobeNewswire [HUG#2033181]
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