German Version
Cognis notes now listed on the Luxembourg Stock Exchange
The two notes recently issued by global specialty chemicals company Cognis are now listed on the Luxembourg Stock Exchange.
On May 13 Cognis issued subordinated fixed-rate Senior Notes of €345 million and floating-rate Second Lien Notes of €235 million. The Senior Notes carry a fixed coupon of 9.50% and will mature in May 2014. The Second Lien Notes bear an interest of 4.75% over the respective six-month EURIBOR rate and will mature in November 2013.
Fixed-rate Senior Notes:
|
Issuer |
Cognis GmbH |
|
Currency |
Euro |
|
Issue amount |
345.0 million |
|
Issue date |
May 13, 2004 |
|
Maturity date |
May 15, 2014 |
|
Interest rate |
9.50% |
|
Interest payments |
Semi-annual |
|
Issue price |
100 |
|
Listing |
Luxembourg Stock Exchange |
|
ISIN |
XS0191508281 |
Floating-rate Second Lien Notes:
|
Issuer |
Cognis Deutschland GmbH & Co. KG |
|
Currency |
Euro |
|
Issue amount |
235.0 million |
|
Issue date |
May 13, 2004 |
|
Maturity date |
November 15, 2013 |
|
Interest rate |
Six-month EURIBOR plus 4.75% |
|
Interest payments |
Semi-annual |
|
Issue price |
100 |
|
Listing |
Luxembourg Stock Exchange |
|
ISIN |
XS0191507556 |
This announcement is for informational purposes only and does not constitute an offer to sell or an invitation to purchase any securities or the solicitation of any vote or approval in any jurisdiction. Holders of the Senior Notes or Second Lien Notes can obtain a free copy of this press release as well as annual and quarterly financial information and other information at the Cognis website (www.cognis.com). The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.
About Cognis:
Cognis is a worldwide supplier of innovative specialty chemicals and nutritional ingredients. It employs 8,500 people, and has production sites and service centers in almost 30 countries. The company has dedicated its activities to a high level of sustainability and delivers natural source raw materials and ingredients for food, nutrition and healthcare markets, and the cosmetics, detergents and cleaners industries. Additionally, Cognis provides solutions for a number of other industries, such as coatings and inks, lubricants, textiles and plastics, as well as agriculture and mining.
Cognis is owned by private equity funds advised by Permira, GS Capital Partners, and Schroder Ventures Life Sciences. In 2003, Cognis recorded sales of 2.95 billion euros and a Recurring EBITDA (earnings before interest, income taxes, depreciation, amortization and exceptional items) of 312 million euros.
Contact:
Bernhard Vogtland, Vice President Corporate Finance, Tax & Investor Relations
Cognis Deutschland GmbH & Co. KG
Phone: +49-211-7940-6986
E-Mail: bernhard.vogtland@cognis.com
Internet: www.cognis.com
Susanne Sengel, Corporate Communications Manager
Cognis Deutschland GmbH & Co. KG
Phone: +49-211-7940-5431
E-mail: susanne.sengel@cognis.com
Internet: www.cognis.com