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Corbion N.V. — Capital/Financing Update 2013
Aug 15, 2013
3826_iss_2013-08-15_d1240bbb-aab7-4da9-8047-bd5dad18c1d9.pdf
Capital/Financing Update
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PRESS RELEASE
DATE August 15, 2013
CSM nv Nienoord 13 • 1112 XE Diemen PO Box 349 • 1000 AH Amsterdam The Netherlands
T +31 (0)20 590 6911 F +31 (0)20 590 6262 [email protected] www.corbion.com www.meetcorbion.com
Corbion repaid US\$ 173 million on US private placement notes
Corbion (the new trade name of CSM nv) has agreed with its Private Placement note holders to a voluntary repayment of US\$ 173 million of the in total US\$ 300 million program.
The still outstanding US\$ 127 million under this program consist of 3 tranches with remaining maturities of 2.2, 4.2 and 7.2 years, with a weighted average maturity of 3.4 years and a weighted average interest of 3.86%.
The repayment on the private placement notes fits in the new finance structure of Corbion after receipt of the proceeds of the divestment of the Bakery Supplies businesses on July 03, 2013.
For more information, please contact:
Press: Saskia Nuijten, Director Corporate Communications, T +31 (0)20 5906320, M +31 (0)6 21 812 453 Analysts and investors: Jeroen van Harten, Director Investor Relations T +31 (0)20 5906293, M +31(0)6 21 577 086
Background information:
Corbion: biobased solutions, designed by science, powered by nature, and delivered through dedication.
Corbion is the global market leader in lactic acid, lactic acid derivatives and lactides, and a leading company in functional blends containing enzymes, emulsifiers, minerals and vitamins. The company delivers high performance biobased products made from renewable resources and applied in global markets such as bakery, meat, pharmaceuticals and medical devices, home and personal care, packaging, automotive, coatings and coating resins. Its products have a differentiating functionality in all kinds of consumer products worldwide. In 2012, Corbion generated annual sales of €753 million and had a workforce of 1,800 employees. Corbion is listed on NYSE Euronext Amsterdam (listing name is CSM). For more information: www.corbion.com