Investor Release

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


Frankfurt, Germany

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.