Synthomer (SYNT)

Sector:

Industrial Chemicals

Index:

FTSE Small Cap

304.50p
   
  • Change Today:
      16.50p
  • 52 Week High: 811.74
  • 52 Week Low: 122.50
  • Currency: UK Pounds
  • Shares Issued: 163.57m
  • Volume: 1,860,269
  • Market Cap: £498.06m

Synthomer prices €520m in senior notes

By Josh White

Date: Friday 19 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Synthomer has completed the pricing of €520m (£468.44m) in senior notes due 2025, it announced on Friday.
The FTSE 250 company said the cash would be used to repay borrowings under its 2019 bridge facility, introduced as part of the financing arrangements for the acquisition of Omnova Solutions.

"Synthomer now has in place a long-term financing structure, together with a strong balance sheet and significant leverage covenant headroom," said chief executive officer Stephen Bennett.

"The group has significant liquidity underpinned by its 2024 committed unsecured 5 year €460m revolving credit facility, $260m (£209.38m) term loan bank facility and now the €520m bond due 2025."

At 0919 BST, shares in Synthomer were up 0.28% at 284p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Synthomer Market Data

Currency UK Pounds
Share Price 304.50p
Change Today 16.50p
% Change 5.73 %
52 Week High 811.74
52 Week Low 122.50
Volume 1,860,269
Shares Issued 163.57m
Market Cap £498.06m

Synthomer Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
56.57% above the market average56.57% above the market average56.57% above the market average56.57% above the market average56.57% above the market average
37.50% above the sector average37.50% above the sector average37.50% above the sector average37.50% above the sector average37.50% above the sector average
Price Trend
38.61% below the market average38.61% below the market average38.61% below the market average38.61% below the market average38.61% below the market average
5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average
Income Not Available
Growth
16.55% below the market average16.55% below the market average16.55% below the market average16.55% below the market average16.55% below the market average
29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% 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 15-May-2024

Time Volume / Share Price
09:21 673,713 @ 294.63p
16:25 3 @ 302.50p
16:18 7 @ 303.00p
16:18 7 @ 304.50p
16:06 3 @ 302.00p

Synthomer Key Personnel

CFO Lily Liu

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