5 Aug 2016
Clariant places USD 276.5 million and EUR 95 million of certificates of indebtedness
Muttenz, August 5, 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-Thüringen Girozentrale.
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Clariant International Ltd
Rothausstrasse 61
4132 Muttenz 1
Switzerland
Notes for editors
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: increase profitability, reposition portfolio, add value with sustainability, foster innovation and R&D, and intensify growth.
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Clariant International Ltd
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Clariant International Ltd
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Clariant International Ltd
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Clariant International Ltd
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