(Holzminden/Frankfurt) Symrise AG has today completed and signed lenders into ¤800 million of syndicated credit facilities.
The transaction was arranged and underwritten in the context of the IPO of Symrise by Barclays Capital, the investment banking division of Barclays Bank PLC, and Commerzbank Aktiengesellschaft, acting as Mandated Lead Arrangers and Bookrunners. Syndication was launched in January 2007 and attracted strong support from major domestic and international banks, resulting in a significant oversubscription and an exceptionally low decline rate.
The 5-year facilities are split between a ¤500 million term loan and a ¤300 million revolving facility, to refinance existing debt and for general corporate purposes. The margin is set at 60 basis points p.a. over EURIBOR, tied to a leverage grid. Two levels of participation were offered in syndication - Arrangers at ¤60 million and Co-Arrangers at ¤40 million.
www.symrise.com
Press inquiries:
red roses communications Kirchhoff Consult AG Katja Derow Dr Kay Baden Tel. +49 (0) 40 46 96 77 0 10 Tel. +49 (0) 40 60 91 86 50
--- End of Message --- WKN: SYM999; ISIN: DE000SYM9999; Listed: Amtlicher Markt in Frankfurter Wertpapierbörse, Freiverkehr in Bayerische Börse München, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Börse Berlin Bremen, Freiverkehr in Börse Düsseldorf, Freiverkehr in Börse Stuttgart, Prime Standard in Frankfurter Wertpapierbörse;