ALTANA

Debt

For general corporate financing purposes ALTANA uses different financing instruments. Currently, ALTANA has issued promissory notes (German Schuldscheine) for a total of € 350 million; a syndicated credit line of € 250 million was issued by seven banks. As of December 31, 2015, the Company has not drawn on that credit line. The acquisition financing with the same seven banks arranged in 2013 was repaid entirely in 2014. Furthermore, as of December 31, 2015, largely unused lines of credit in the amount of € 9.3 million were available to ALTANA. The terms and conditions are based on market conditions and no collateral is provided.

As of December 31, 2015 and 2014, respectively, bank borrowings included € 0.3 million and € 4.1 million denominated in foreign currencies. Of these borrowings, amounts of € 0.1 million and € 2.8 million were denominated in U.S. Dollar as of December 31, 2015 and 2014, respectively.

As of December 31, 2015 and 2014, the aggregate amounts of indebtedness maturing during the next five years and thereafter were as follows: