Borealis AG Public Offering of up to EUR 200000000 Senior Fixed ...

Risks regarding the Issuer and its business activities:
Markets and general business risks
- The Borealis Group is subject to competition in all markets where it is active
- The Borealis Group is subject to risks in the petrochemical industry, such as its cyclicality
and volatility
- Borealis Group is subject to market risks in connection with its dependency on the supply
market (commodity risk)
- Borealis Group depends on demand from plastic and melamine processing industries and
from agriculture
- Borealis Group may not be able to continue its business strategy
- The Issuer and the Group are subject to the risk of loss of key personnel
- Borealis Group may be exposed to trade receivables credit risk
- Borealis Group's customers' purchases of products and services could be adversely
affected by a global economic downturn or a substantial slowdown in economic growth,
which could lead to recessions in the Issuer's industry and could have a negative impact on
the operating results and financial condition of Borealis Group
- Borealis Group may be subject to higher capital costs due to the capital requirements for
banks
- Borealis Group is subject to force majeure risks or the risk of acts of sabotage
- Borealis Group is exposed to environmental risks
- Borealis Group is subject to risks associated with extensive environmental and health and
safety laws and regulations which result in costs relating to compliance and remediation
that may adversely affect its business, prospects and/or results of operations
- Borealis Group is subject to the risk of property damage
- Borealis Group is subject to risks related to product liability and claims
- Borealis Group is subject to the risk of adversely changing legislative environments in all
markets where it is active (regulatory risk)
- Borealis Group may experience operational and/or technological problems which may
delay or hinder daily activities or progress of ongoing and planned projects
- Borealis Group could be subject to crime, corruption and money laundering in the countries
where the Issuer operates which may adversely affect the Group's ability to conduct its
business.
- Borealis Group is exposed to risks relating to disputes and litigation
Counterparty risk
- Borealis Group is subject to counterparty risks in connection with its dependency on the
supply market
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