Investor Release

Styrolution plans new term loan credit agreement and refinancing of its senior secured notes due 2016


Frankfurt, Germany

Frankfurt, Germany – July 14, 2014 – Styrolution today announced that it intends to borrow term loans of approximately €1.6 billion (in combination of euro and U.S. dollars) under a new credit agreement. The net proceeds from the term loans will be used (i) to redeem Styrolution's existing 7.625% senior secured notes due 2016, (ii) to pay applicable redemption premiums, (iii) to on-lend to INEOS Styrolution Holding GmbH the consideration for the acquisition by it of the capital stock of Styrolution Holding GmbH held by BASF SE and BASF Antwerpen N.V. and (iv) to pay fees and expenses incurred in connection with the term loans, such redemption and such acquisition (the "Financing"). There can be no assurance that the Financing or other transactions will be completed.