Statement re potential refinancing
Synthomer plc has confirmed it is exploring options to refinance its debt facilities maturing in the second half of 2027, including the potential for raising additional capital to reduce leverage and support its speciality chemicals strategy. While no definitive decisions have been made regarding the timing or terms of any capital raise, the company is actively working with lenders on this matter.
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Synthomer plc
Statement regarding potential refinancing
Synthomer plc ("Synthomer" or the "Company") notes the recent media speculation regarding the possibility of the Company undertaking a capital raise.
The Company confirms that it is in the process of working with lenders to refinance its existing debt facilities due in H2 2027. In support of this refinancing, the Company is giving consideration to a range of options to reduce the Company's leverage and underpin the sustained delivery of its speciality chemicals strategy, including the possibility of raising additional capital.
No decisions have been made as to whether, when or on what terms any such options may be undertaken, and further announcements will be made as appropriate.
Synthomer plc is a leading supplier of high-performance, highly specialised polymers and ingredients that play vital roles in key sectors such as coatings, construction, adhesives, and health and protection - growing markets for customers who serve billions of end users worldwide. Headquartered in London, UK and listed there since 1971, we employ c.3,800 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, the Middle East and Asia. With more than 6,000 blue-chip customers and £2.0bn in continuing revenue in 2024, our business is built around three divisions, serving customers in attractive end markets where demand is driven by global megatrends including urbanisation, demographic change, climate change and sustainability, and shifting economic power.
Our purpose is creating innovative and sustainable solutions for the benefit of customers and society. Around 20% of our sales volumes are from new and patent protected products. At our innovation centres of excellence in the UK, China, Germany, Malaysia and Ohio, USA we collaborate closely with our customers to develop new products and enhance existing ones tailored to their needs, with an increasing range of sustainability benefits. Our 2030 decarbonisation targets have been approved by the Science Based Targets initiative as being in line with what the latest climate science says is necessary to meet the goals of the Paris Agreement, and since 2021 we have held the London Stock Exchange Green Economy Mark, which recognises green technology businesses making a significant contribution to a more sustainable, low-carbon economy. Find us at www.synthomer.com or search for Synthomer on LinkedIn. Legal Entity Identifier (LEI): 213800EHT3TI1KPQQJ56.
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