Not for distribution in the United States, Canada, Australia or Japan
Syensqo successfully completes the placement of its inaugural US$ 1.2 billion
USD-denominated bond offering
Brussels, Belgium - June 4, 2024 - 19:15 CEST
Syensqo today announces that it has successfully closed a senior bond issuance
for a nominal amount of US$ 1.2 billion across two tranches:
* US$ 600 million bond, with a 5-year maturity and a 5.65% fixed coupon
* US$ 600 million bond, with a 10-year maturity and a 5.85% fixed coupon
The rating for the bonds is BBB+ by S&P and Baa1 by Moody's.
The transaction was met with strong interest, with an orderbook more than 4x
oversubscribed, exceeding US$ 5 billion, and participation from more than 125
institutional investors.
Proceeds will be used for general corporate purposes, including the repayment of
the bridge loan facility set up by Syensqo at the end of 2023 in relation to the
demerger from Solvay.
Christopher Davis, Chief Financial Officer of Syensqo, commented: "The
transaction is an outstanding achievement for Syensqo, establishing us as an
issuer in the USD bond market and further strengthening our balanced financial
profile.
The excellent demand from a wide range of quality international institutional
investors is a testament to the capital markets' confidence in Syensqo's strong
credit profile and growth strategy. This transaction also marks the final step
of our capital structure implementation as a standalone company."
Disclaimer
The offer and sale of the Notes have not been, and will not be, registered under
the US Securities Act of 1933, and the notes may not be offered or sold in the
United States absent registration or an applicable exemption from registration
requirements. This press release does not constitute an offer to sell, or the
solicitation of an offer to buy, the Notes nor will there be any sale of the
notes in any state or other jurisdiction in which such offer, sale or
solicitation would be unlawful.
In member states of the EEA, this announcement is directed only at persons who
are "qualified investors" within the meaning of Regulation (EU) 2017/1129 (the
"Prospectus Regulation"). This communication is being distributed to, and is
directed only at, persons in the United Kingdom in circumstances where section
21(1) of FSMA does not apply. This press release does not constitute a
prospectus within the meaning of the Prospectus Regulation or an offer to the
public. The distribution of this press release into certain jurisdictions may be
restricted by law. Persons into whose possession this announcement comes should
inform themselves about and observe any such restrictions. Any failure to comply
with these restrictions may constitute a violation of the laws of any such
jurisdiction.
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Media relations Investor Relations
media.relations@syensqo.com investor.relations@syensqo.com
(mailto:media.relations@syensqo.com) (mailto:investor.relations@syensqo.com
)
Nathalie van Ypersele
+32 478 20 10 62 Sherief Bakr
+44 7920 575 989
Perrine Marchal
+32 478 32 62 72 Bisser Alexandrov
+33 6 07 63 52 80
Laetitia Schreiber
+32 487 74 38 07 Imtiyaz Lokhandwala
+1 609 860 3959
Safe harbor
This press release may contain forward-looking information. Forward-looking
statements describe expectations, plans, strategies, goals, future events or
intentions. The achievement of forward-looking statements contained in this
press release is subject to risks and uncertainties relating to a number of
factors, including general economic factors, interest rate and foreign currency
exchange rate fluctuations, changing market conditions, product competition, the
nature of product development, impact of acquisitions and divestitures,
restructurings, products withdrawals, regulatory approval processes, all-in
scenario of R&I projects and other unusual items. Consequently, actual results
or future events may differ materially from those expressed or implied by such
forward-looking statements. Should known or unknown risks or uncertainties
materialize, or should our assumptions prove inaccurate, actual results could
vary materially from those anticipated. The Company undertakes no obligation to
publicly update or revise any forward-looking statements.
About Syensqo
Syensqo is a science company developing groundbreaking solutions that enhance
the way we live, work, travel and play. Inspired by the scientific councils
which Ernest Solvay initiated in 1911, we bring great minds together to push the
limits of science and innovation for the benefit of our customers, with a
diverse, global team of more than 13,000 associates.
Our solutions contribute to safer, cleaner, and more sustainable products found
in homes, food and consumer goods, planes, cars, batteries, smart devices and
health care applications. Our innovation power enables us to deliver on the
ambition of a circular economy and explore breakthrough technologies that
advance humanity.
Investor Relations sources
* Earnings materials
(https://www.syensqo.com/en/investors/financials/earnings)
* Strategy (https://www.syensqo.com/en/about-us/our-strategy)
* Share information (https://www.syensqo.com/en/investors/share-information)
* Credit information (https://www.syensqo.com/en/investors/financials/bond-
information)
* Separation documents
(https://www.syensqo.com/en/investors/spinoff/documents)
* Webcasts, podcasts and presentations
(https://www.syensqo.com/en/investors/financial-calendar-events-and-
presentations/webcasts-and-presentations)
* 2023 Annual Integrated Report (https://www.syensqo.com/en/investors/annual-
reports)
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