Syensqo successfully completes the placement of its inaugural US$ 1.2 billion USD-denominated bond offering

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.
 

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.

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• 20240604_Refinancing results_EN