Sep 6 2010 --- CSM has signed a US Private Placement Notes program with 11 institutional investors in the United States and United Kingdom. The issuance of USD 300 million under this program consists of three tranches with maturities of 5, 7 and 10 years, with a weighted average period of 7.2 years and a weighted average interest of 4.1%.

The proceeds will be made available by the investors on October 28, 2010. Part of the proceeds will be used to fully repay the borrowings under the USD 385 Revolving Credit Facility, maturing July 2011 and to reduce the borrowings under the EUR 700 million Revolving Credit Facility with a remaining tenor until July 2014.

With this program CSM continues to have a solid balance sheet with ample headroom under the available Revolving Credit Facilities to accommodate further growth. BofA Merrill Lynch and Barclays Capital acted as Bookrunners and Placement Agents for the transaction.