K+S AG launches capped tender offer for 2022, 2023 and 2024 notes

Chicago, June 17 – K+S AG launched a tender offer for up to €450 million from three series of euro notes on Thursday, according to a notice.

The company is offering to buy notes from the following series:

• €500 million outstanding 2022 notes (ISIN: DE000A1PGZ82) for a purchase price of 103;

• €625 million outstanding 2023 notes (ISIN: XS1591416679) for a purchase price of 102.95; and

• €600 million outstanding 2024 notes (ISIN: XS1854830889) for a purchase price of 104.35.

Interest will also be paid.

The issuer is conducting the tender offer to reduce financial liabilities and optimize the proceeds from the sale of the Americas operating unit.

Tenders are subject to proration if the maximum amount is exceeded.

Tender instructions are due by 10 a.m. ET on June 28.

Results will be announced on June 29 and settlement is planned for June 30.

Dealer managers for the offer are DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main (+49 69 7447 42000, liability-management@dzbank.de), ING Bank NV (+44 20 7767 6784, liability.mangement@ing.com) and Landesbank Baden-Wurttemberg (Bond.Origination@LBBW.de).

Lucid Issuer Services Ltd. is the tender agent (+44 20 7704 0880, kpluss@lucid-is.com).

K+S is a Kassel, Germany-based chemical company.

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