Synthomer (SYNT)

Sector:

Industrial Chemicals

Index:

FTSE Small Cap

180.00p
   
  • Change Today:
      7.20p
  • 52 Week High: 334.00p
  • 52 Week Low: 122.50p
  • Currency: UK Pounds
  • Shares Issued: 163.57m
  • Volume: 560,397
  • Market Cap: £294.42m

Synthomer announces EUR 300m refinancing

By Josh White

Date: Monday 25 Jun 2018

LONDON (ShareCast) - (Sharecast News) - Synthomer announced a refinancing of its existing bank facilities on Monday, consisting of an offering of €300m (£263.5m) in seven-year unsecured senior notes, and a new €300m four-year revolving credit facility.
The FTSE 250 company said the proceeds of the issue and sale of the notes would be used, together with cash-on-hand and borrowings under the new revolving credit facility, to repay all amounts outstanding under its existing revolving credit facility, repay amounts outstanding under its existing term loan, and to pay certain costs, expenses and fees related to the refinancing.

It said the proposed refinancing would strengthen the group's financial position through increased financial flexibility, providing an appropriate capital structure and allowing it to secure - in relation to the notes - an attractive fixed interest rate for the next seven years.

The group's strategy for further continued profitable growth was expected to be supported with the "efficient capital structure", the board explained.

"This refinancing is being undertaken ahead of the maturity of our current facilities and aims to achieve favourable terms in both the bond and bank markets," said Synthomer chief financial officer Stephen Bennett.

"This new broader capital structure will allow the group more flexibility to deliver on its strategy of building sustainable growth."

Synthomer confirmed there would be no public offering of the notes.

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Synthomer Market Data

Currency UK Pounds
Share Price 180.00p
Change Today 7.20p
% Change 4.17 %
52 Week High 334.00p
52 Week Low 122.50p
Volume 560,397
Shares Issued 163.57m
Market Cap £294.42m

Synthomer Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.99% above the market average63.99% above the market average63.99% above the market average63.99% above the market average63.99% above the market average
46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average
Price Trend
69.68% below the market average69.68% below the market average69.68% below the market average69.68% below the market average69.68% below the market average
6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average
Income Not Available
Growth
12.71% below the market average12.71% below the market average12.71% below the market average12.71% below the market average12.71% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

Synthomer Dividends

  Latest Previous
  Interim Final
Ex-Div n/a 01-Jun-22
Paid n/a 05-Jul-22
Amount 0.000p 21.30p

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 69,765 @ 180.00p
16:35 1,935 @ 180.00p
16:35 2,074 @ 180.00p
16:35 441 @ 180.00p
16:35 470 @ 180.00p

Synthomer Key Personnel

CFO Lily Liu

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