000 2.750 per cent. Fixed Rate Bonds
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Syensqo exercises the make-whole option to early redeem €500 million senior Bonds
Globenewswire· 2026-02-27 07:30
Core Viewpoint - Syensqo SA has decided to exercise its make-whole redemption option to redeem €500 million of its senior bonds, indicating a strategic move to manage its financial resources effectively [1][2][3]. Group 1: Redemption Details - The company will redeem all outstanding €500 million bonds with a fixed interest rate of 2.750% due on December 2, 2027, on March 31, 2026 [1][2]. - The redemption amount will include the make-whole redemption amount plus accrued interest, calculated by the Calculation Agent and communicated to bondholders [2]. Group 2: Financial Strategy - The Chief Financial Officer of Syensqo stated that exercising the make-whole option allows for efficient allocation of cash resources, contributing to deleveraging and strengthening the company's investment-grade profile [3]. Group 3: Company Overview - Syensqo is a science company focused on developing innovative solutions that enhance various aspects of life, with a workforce of over 13,000 associates across 30 countries [4]. - The company's innovations aim to contribute to safer, cleaner, and more sustainable products across multiple sectors, including healthcare, consumer goods, and transportation [5].