INEOS Styrolution announces repayment of all of its outstanding 2024 Euro Tranche 2 Term Loans held by INEOS
FRANKFURT AM MAIN – OCTOBER 19, 2017 – INEOS Styrolution Group GmbH (“INEOS Styrolution”) today announced that, in connection with the refinancing by the INEOS Group of its senior secured term loan facilities announced today (the “INEOS Refinancing”), INEOS Styrolution expects to repay in full the 2024 Euro Tranche 2 Term Loans, all of which are held by the INEOS Group, outstanding under its existing senior secured term loan agreement (the “Repayment”). As a result of this repayment, INEOS Styrolution will reduce gross debt leverage. There can be no assurance that the INEOS Refinancing or the Repayment will be completed.
Forward Looking Statements
This press release may include “forward looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. These forward looking statements can be identified by the use of forward looking terminology, including the terms ‘‘believes,’’ ‘‘estimates,’’ ‘‘anticipates,’’ ‘‘expects,’’ ‘‘intends,’’ ‘‘may,’’ ‘‘will’’ or ‘‘should’’ or, in each case, their negative, or other variations or comparable terminology. These forward looking statements include all matters that are not historical facts and include statements regarding INEOS Styrolution’s intentions, beliefs or current expectations concerning, among other things, INEOS Styrolution’s results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which it operates. By their nature, forward looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Readers are cautioned that forward looking statements are not guarantees of future performance and that INEOS Styrolution’s actual results of operations, financial condition and liquidity, and the development of the industry in which it operates may differ materially from those made in or suggested by the forward looking statements contained in this press release. In addition, even if INEOS Styrolution’s results of operations, financial condition and liquidity, and the development of the industry in which INEOS Styrolution operates are consistent with the forward looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods. Given these risks and uncertainties, you should not rely on forward looking statements as a prediction of actual results.