Issue of Debt

FRANKFURT, Germany--()--

Styrolution plans a new syndicated term loan facility and refinancing of its existing Senior Secured Notes due 2016

Frankfurt, Germany – October 2, 2014 – Styrolution intends to enter into a credit agreement for a new syndicated term loan of approximately €1.050 billion (to be issued in a combination of Euros and U.S. dollars). The net proceeds will be used, along with additional second lien debt and cash on hand, to (i) redeem Styrolution’s existing 7.625% Senior Secured Notes due 2016; (ii) pay applicable redemption premiums in connection with the redemption; (iii) to finance the purchase price of BASF SE and BASF Antwerpen N.V.’s 50% stake in Styrolution; and (iv) to pay fees and expenses incurred in connection with such transactions (the “Financing”). There can be no assurance that the Financing or other transactions will be completed. Further details will be provided to investors of the existing senior secured notes due 2016 as per indenture requirements.


Styrolution is the leading, global styrenics supplier with a focus on styrene monomer, polystyrene, Standard ABS and styrenic specialties. With world-class production facilities and more than 80 years of experience, Styrolution helps its customers succeed by offering the best possible solution, designed to give them a competitive edge in their markets. The company provides styrenic applications for many everyday products across a broad range of industries, including automotive, electronics, household, construction, healthcare, toys/sports/leisure, and packaging. In 2013, sales were at 5.8 billion euros, resulting in an EBITDA before special items of 442 million euros. Styrolution employs approximately 3,200 people and operates 17 production sites (including one to be mothballed later in 2014) in ten countries.

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If you have any questions, please do not hesitate to contact us.

Christine Schönfelder

Vice President Corporate Communications, Investor Relations,

Advocacy and Change Management

Styrolution Group GmbH

Erlenstrasse 2

60325 Frankfurt, Germany

Phone: +49 69 509550-1024



Cautionary Statement

This communication is directed only at (i) persons who are outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 as amended (the “Order”), (iii) are persons falling within Article 49(2)(a) to (d) “high net worth companies, unincorporated associations, etc.” of the Order, and (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any notes may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). Any investment activity to which this communication relates will only be available to, and will only be engaged in with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

Forward Looking Statements

This press release may include “forward looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. These forward looking statements can be identified by the use of forward looking terminology, including the terms ‘‘anticipates,’’ ‘‘believes,’’ ‘‘estimates,’’ ‘‘expects,’’ ‘‘intends,’’ ‘‘may,’’ ‘‘should’’ or ‘‘will’’ or, in each case, their negative, or other variations or comparable terminology. These forward looking statements include all matters that are not historical facts and include statements regarding Styrolution’s intentions, beliefs or current expectations concerning, among other things, Styrolution’s results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which it operates. By their nature, forward looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Readers are cautioned that forward looking statements are not guarantees of future performance and that Styrolution’s actual results of operations, financial condition and liquidity, and the development of the industry in which it operates may differ materially from those made in or suggested by the forward looking statements contained in this press release. In addition, even if Styrolution’s results of operations, financial condition and liquidity, and the development of the industry in which Styrolution operates are consistent with the forward looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods. Given these risks and uncertainties, you should not rely on forward looking statements as a prediction of actual results.

Category Code: IOD
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Time of Receipt (offset from UTC): 20141002T150159+0100