- 30. Commitments and contingent liabilities
- 31. Financial instruments
- 32. Supplementary information on capital management
- 33. Supplementary information on the consolidated statement of cash flows
- 34. Notes on the consolidated segment reporting
- 35. Stock options
- 36. Related party transactions
- 37. Subsequent events
37. Subsequent events
On January 7, 2013, Fresenius announced the early redemption of the 5.5% Senior Notes due in 2016 that were issued in 2006. The aggregate principal amount of €650 million was completely repaid on February 7, 2013 at a price of 100.916% plus accrued and unpaid interest. Initially, the redemption was financed by utilizing existing credit lines. From the end of June 2013, drawings under the Senior Secured Credit Agreement arranged in December 2012 shall be utilized.
On January 24, 2013, Fresenius Finance B.V. issued unsecured Senior Notes of €500 million at par which are due in 2020. Net proceeds were used to refinance the Senior Notes which were due in January 2013.
There have been no significant changes in the Fresenius Group’s operating environment following the end of the fiscal year 2012. No other events of material importance on the assets and liabilities, financial position, and results of operations of the Group have occurred following the end of the fiscal year.
36. Related party transactions
38. Compensation of the Management Board and the Supervisory Board