Business
Update on Proposed Offering
Update on Proposed Offering.
About this update from Synthomer Plc
[{"type":"text","content":"\n \nRNS Number : 9533S Synthomer PLC 28 June 2018 \n\n28th June 2018 \n \n \nSynthomer plc\n \nUpdate on Proposed Offering of Eur 300 million Bond & Refinancing\n \nSynthomer plc ('Synthomer' or 'the Group') today announces that, despite a strong response from investors to its proposed EUR300 million unsecured senior notes offering (the \"Notes\"), the Group has decided not to complete the transaction due to unfavourable market terms and conditions. The Group will continue to evaluate a number of alternative refinancing options ahead of its current facilities maturing in 2019 to ensure that it is well positioned to deliver on its strategy of building sustainable growth. \n \n-ENDS-\n \nEnquiries:\n \nStephen Bennett, Chief Financial Officer Tel: 01279 436211\n \nCharles Armitstead / Rosie Oddy, Teneo Blue Rubicon Tel: 020 3603 5220\n \n \nImportant notice\n \nThe announcement may contain certain \"forward-looking statements\", forecasts, estimates, projections and opinions. Forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this announcement, including, without limitation, those regarding the Group's results of operations, strategy, plans, objectives, goals and targets. The forward-looking statements in this announcement can be identified, in some instances, by the use of words such as \"expects\", \"anticipates\", \"intends\", \"believes\", and similar language or the negative thereof or similar expressions that are predictions of or indicate future events or future trends. By their nature, forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside the control of the Group. No representation is made that the underlying assumptions are reasonable. The Group's actual results may differ from those set forth in the forward-looking statements as a result of various factors (includin...