23 Events after the Balance Sheet Date
In January 2018, WACKER received a collection-only check for US$100 million from its insurance company as partial advance compensation for the damage caused by the technical defect and subsequent operational disruption that occurred at its production site in Charleston, Tennessee (USA).
The promissory note (German Schuldschein) in the amount of €300 million that had been signed in December 2017 was disbursed to WACKER on January 9, 2018. The interest rate for the loan, which falls due on maturity, has both fixed and variable components. Therefore, the loan is no longer recognized as a noncurrent unused line of credit as it was on December 31, 2017.
Munich, February 26, 2018
Wacker Chemie AG