During the first two months of 2012, WACKER paved the way for its multi-year financing strategy.
Wacker Chemie AG established four promissory notes totaling €300 million with terms of three to five years. The financing measures concluded contain standard market credit terms and a net debt-to-EBITDA ratio as the only financial covenant.
The liquidity inflow occurred on February 23, 2012.
Otherwise, no major events took place following the closing date of December 31, 2011, and this Annual Report’s preparation date of February 28, 2012. There were no fundamental changes in our overall economic and business environment.
The Group’s organizational and legal structures remained unchanged in the first few weeks of 2012.