Styrolution announces satisfaction of refinancing condition for redemption of its outstanding euro-denominated 7.625% Senior Secured Notes due 2016
11/07/14
Frankfurt, Germany
Frankfurt, Germany – November 7, 2014 – Styrolution today announced that it has raised funds sufficient to pay and discharge the redemption price of, and accrued interest and any additional amounts payable on, €480 million aggregate principal amount of its outstanding euro-denominated 7.625% Senior Secured Notes due 2016 (the "Notes"). These Notes have been called to be redeemed on the business day after the satisfaction of the Refinancing Condition. As such, the Refinancing Condition stated in the notice of redemption issued on October 3, 2014 in respect of the Notes has been satisfied, and the redemption of the Notes will occur on November 10, 2014.
ABOUT INEOS STYROLUTION
INEOS Styrolution is the leading, global styrenics supplier with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. With world-class production facilities and more than 85 years of experience, INEOS 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 2015, sales were at 5 billion euros. INEOS Styrolution employs approximately 3,100 people and operates 15 production sites in nine countries.
