Synthomer PLC - Essex, England-based chemicals manufacturer - Prices its offering of EUR350 million senior notes due 2029. Plans on using notes to repurchase existing notes due 2025. It expects offering to close on or around Thursday next week.
Chief Financial Officer Lily Liu comments: "We are very pleased with the substantial support for this transaction, which represents another major milestone in improving our financial platform, and puts Synthomer in a stronger position to deliver our strategy."
Current stock price: 270.50 pence, up 5.1% in London on Friday
12-month change: down 70%
By Sophie Rose, Alliance News senior reporter
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Synthomer (SYNT)