Synthomer starts roadshow for €300 million seven-year note offer

By Paul A. Harris

Portland, Ore., June 25 – Synthomer plc started a roadshow on Monday for a €300 million offering of seven-year senior notes, according to a market source.

Initial price talk is in the high 3% area.

The roadshow wraps up on Wednesday.

Global coordinator and active bookrunner Barclays will bill and deliver. Citigroup is also a global coordinator and active bookrunner. HSBC is a global coordinator and passive bookrunner. Commerzbank and SEB are bookrunners.

The Regulation S only notes become callable after three years at par plus 50% of the coupon.

The Harlow, United Kingdom-based specialty chemical company plans to use the proceeds to repay debt and for general corporate purposes.

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