--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20210623-ks-group-paid-off-its-debt-obligations/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # K+S Group paid off its debt obligations Publication Date: 2021-06-23T13:00:37-04:00 Last Updated: 2021-06-22T13:03:36-04:00 Author: Kirill Shakin (https://www.fertilizerdaily.com/author/shakinkirill/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/) ![K+S Group paid off its debt obligations](https://www.fertilizerdaily.com/wp-content/uploads/2021/06/evro-euro-razmytie-valiuta-kupiury-currency-scaled-1.jpg) The salt-trading business brought an impressive income. German K+S Group has closed its credit line of €350 million (approximately $416.7 million) allocated to the company by a consortium of banks in August last year. “As a result of the sale of our salt business in the US, we have significantly reduced debt and increased financial capacity,” said K+S Group Chief Financial Officer Thorsten Boeckers. “Thus, we have closed the line of credit, which luckily we didn’t have to use.” In total, K+S Group paid off its financial obligations of about a billion euros. “Despite the increased financial freedom, it’s important for us to continue to discipline and optimize spending to prevent debt reoccurrence even at low potassium prices,” added Thorsten Boeckers. Tags: [K+S Group](https://www.fertilizerdaily.com/tag/ks-group/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.