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

TABLE OF CONTENTS
RESPONSIBILITY STATEMENT .........................................................................................................2
NOTICE ...................................................................................................................................................2
GENERAL INFORMATION...................................................................................................................7
FORWARD-LOOKING STATEMENTS ....................................................................................... 7
DOCUMENTS INCORPORATED BY REFERENCE ................................................................ 7
SUPPLEMENT TO THE PROSPECTUS ................................................................................... 8
SOURCES OF INFORMATION ................................................................................................... 9
SUMMARY OF THE PROSPECTUS ................................................................................................ 10
1. THE BOREALIS GROUP ......................................................................................................10
2. SUMMARY OF THE OFFERING .........................................................................................10
3. SUMMARY OF RISK FACTORS .........................................................................................17
4. SELECTED FINANCIAL INFORMATION OF THE ISSUER ...........................................20
GERMAN TRANSLATION OF SUMMARY ...................................................................................... 21
1. DIE BOREALIS GRUPPE .....................................................................................................21
2. ZUSAMMENFASSUNG DES ANGEBOTS ........................................................................22
3. ZUSAMMENFASSUNG DER RISIKOFAKTOREN...........................................................29
4. AUSGEWÄHLTE FINANZINFORMATIONEN DER EMITTENTIN .................................32
RISK FACTORS ................................................................................................................................... 34
1. RISKS REGARDING THE ISSUER, THE GROUP AND ITS BUSINESS ACTIVITIES
..................................................................................................................................................34
2. RISKS REGARDING THE NOTES .....................................................................................40
TERMS AND CONDITIONS OF THE NOTES................................................................................. 47
USE OF PROCEEDS .......................................................................................................................... 64
BOREALIS AG ...................................................................................................................................... 65
1. GENERAL ...............................................................................................................................65
2. HISTORY AND DEVELOPMENT ........................................................................................65
2. CORPORATE PURPOSE ....................................................................................................67
3. SHARE CAPITAL ...................................................................................................................67
4. CORPORATE GOVERNANCE ............................................................................................67
5. SHAREHOLDERS .................................................................................................................67
6. DEPENDENCY WITHIN THE GROUP ...............................................................................69
7. ORGANISATIONAL STRUCTURE .....................................................................................69
8. LEGAL PROCEEDINGS .......................................................................................................74
9. INVESTMENTS ......................................................................................................................74
10. MATERIAL CONTRACTS ....................................................................................................74
BUSINESS OVERVIEW ...................................................................................................................... 75
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