Symrise Successfully Concludes Refinancing

In addition to the revolving credit facility, the Group also raised €300 million through the issue of its first bond, which has a term of seven years.

6 Dec 2010 --- Symrise AG has obtained a revolving credit facility with a volume of €300 million, thereby successfully concluding the Group’s refinancing concept. The revolving credit facility has a duration of five years and serves to replace liabilities due at the end of 2011 as well as to finance further growth.

The comprehensive refinancing concept was successfully concluded over the past three months at very attractive conditions. In addition to the revolving credit facility, the Group also raised €300 million through the issue of its first bond, which has a term of seven years. In October, Symrise also obtained a long-term loan in the amount of USD175 million in conjunction with a private placement. The refinancing concept places Group financing on a longer term basis and is more diversified with respect to the maturity profile and the sources of financing than it was previously the case.

Bernd Hirsch, Chief Financial Officer of Symrise AG, said: “We are pleased that we were able to successfully finalize our refinancing within a very short time. The positive response on the part of lenders and investors shows that we are a strongly growing, very well-positioned company in an attractive market. For the coming years we are in a very solid financial position and have set the basis to implement our strategy which aims at profitable growth.”