PR99245

HILDEN, Germany, Dec. 16, 2022 /PRNewswire=KYODO JBN/ --

The new financing provides for a EURO225 million senior secured term loan

alongside a EURO40 million multi-currency senior revolving credit facility.

ASK Chemicals, a leading global supplier of high-performance industrial resins

and materials, today announced that it has signed definitive agreements to

refinance the company's existing senior secured credit facilities; consisting

of a EURO190m senior secured term loan facility and a EURO25m senior secured

multi-currency revolving credit facility. The new financing provides for

EURO225m senior secured term loan facility and a EURO40m senior secured

multi-currency revolving credit facility. Closing of the refinancing is

expected to occur mid-January 2023.

Hubi Windegger, Chief Financial Officer of ASK Chemicals: "We are delighted to

achieve this stage of the refinancing and associated extension of maturities.

We believe this is a strong message of support from our lenders which reflects

our resilient business performance and reduced leverage."

Goldman Sachs Bank Europe SE acted as sole mandated lead arranger and

bookrunner on the financing.

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Fig. 1: ASK Chemicals Group

ABOUT ASK CHEMICALS:

ASK Chemicals Group, headquartered in Hilden near Düsseldorf (Germany), is a

global supplier of high-performance industrial resins and materials. The

company's products are mainly used in foundries and in the production of

abrasives, refractories, impregnation, coatings, insulation and composite

materials.

The Foundry division offers an exceptionally wide and innovative range of

foundry consumables including binders, coatings, risers, filters, release

agents as well as metallurgical products such as inoculants, inoculation wires

and master alloys for iron casting.

The Industrial Resins division is a leader in the field of specialty phenolic

resins. Our phenolic resins are the preferred choice when it comes to meeting

the highest requirements in the areas of fire protection, energy consumption,

service lifetime, health and safety at work.

The company has a production and sales network in 22 countries and employs

approximately 2000 people worldwide. ASK Chemicals Group sees itself as a

driving force of industry-specific innovations with research centers and

laboratories in Europe, Asia, America and Africa.

Contact:

Verena Sander

Head of Global Communications

+49 211 71103-948

Verena.Sander@ask-chemicals.com

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Source: ASK Chemicals Group