Synthomer plc announces that it has priced its offering (the Offering) of ?350 million in aggregate principal amount of senior notes due 2029 (the Notes) at a coupon of 7?%. The Notes will be unconditionally guaranteed by certain of Synthomer's subsidiaries. Synthomer intends to use the proceeds from this Offering, together with cash on balance sheet, to (i) repurchase or redeem certain of its existing 3?% senior notes due 2025 (the Existing Notes) and (ii) pay certain costs, expenses and fees relating to the Offering.

The Offering is expected to close on or about April 18, 2024, subject to customary conditions precedent for similar transactions.