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Symrise Completes Refinancing Effort
Posted: December 6, 2010
Symrise (Holzminden, Germany) announced the conclusion of a successful refinancing venture. The company obtained a revolving credit facility with a volume of €300 million, concluding its refinancing concept and noting that the credit facility has a duration of five years and serves to replace liabilities due at the end of 2011, as well as to finance further growth for Symrise.
Of the venture, Bernd Hirsch, CFO of Symrise, said: “We are pleased that we were able to successfully finalize our refinancing within a very short time. The positive response on the part of lenders and investors shows that we are a strongly growing, very well-positioned company in an attractive market. For the coming years we are in a very solid financial position and have set the basis to implement our strategy which aims at profitable growth.”