On 9 June 2026, K+S Aktiengesellschaft successfully placed convertible bonds in an aggregate principal amount of €320 million, due 2031. In light of strong investor demand, the deal size has been upsized from initially €300 million to €320 million.
K+S Aktiengesellschaft intends to use the proceeds from the Offering to finance the recently announced acquisition of Qemetica's salt business in Poland and Germany and for general corporate purposes as well as to optimize its financing structure. The Bonds were offered by way of an accelerated bookbuilding process exclusively to institutional investors in certain jurisdictions outside the United States of America in reliance on Regulation S via a private placement.
The Bonds are unsecured, unsubordinated and will bear a fixed coupon of 0.625% per annum. The initial conversion price of €17.9279 was set at a premium of 35% above the reference share price (being the volume weighted average price (VWAP) of the Company’s shares on XETRA between launch and pricing of the offering on June 9, 2026).
Hengeler Mueller advised K+S Aktiengesellschaft comprehensively on the issuance and placement of the convertible bond.
Hengeler Mueller team for K+S Aktiengesellschaft
Capital Markets: Alexander Rang, Pascal Brandt (both partner), Karsten Staupe (senior associate, all Frankfurt).
Corporate: Carsten Schapmann (partner, Düsseldorf).
