Syensqo Exercises Early Redemption Option for €500 Million
Syensqo SA has announced the full redemption of its €500 million senior fixed-rate bonds at 2.750%, originally due in December 2027. This move is part of a strategy to efficiently allocate cash resources and strengthen the credit profile.
Details of the Redemption
Syensqo will exercise the full redemption option (make-whole option) on its €500 million 2.750% Fixed Rate Bonds initially due on December 2, 2027 (ISIN: BE6282460615). The redemption will occur on March 31, 2026. Bondholders will receive the redemption amount determined according to the contractual terms, plus accrued interest until the redemption date. According to Christopher Davis, CFO of Syensqo, this decision aims to efficiently allocate available cash resources, reduce debt, and strengthen the company's investment-grade credit rating.
Notification to Relevant Parties
The decision has been communicated to the Trustee and the Calculation Agent (National Bank of Belgium) as well as to the Luxembourg Stock Exchange, where the bonds are listed. The exact amount of the redemption will be determined and calculated by the Calculation Agent, and then notified to the bondholders according to the terms of the Bonds.
