Synthomer plc: Synthomer's completion of tender offer is credit positive
The company's €370 million tender offer successfully completed a partial refinancing of the €520 million bond.Synthomer is a specialist chemical company and is a supplier of aqueous polymers in markets including coatings, construction, textiles, paper and synthetic latex gloves. Co. produces formulations to support customers in a range of industries from construction and coatings to healthcare. Co.'s products include: Dispersions, which serves the construction, coatings, adhesives and textiles markets; Nitrile Butadiene Rubber, which serves Health and protection markets; Styrene Butadiene Rubber, which serves Paper, carpet and foam markets; and Specialities, which serves specialist markets including automotive, Polyvinyl Chloride manufacture, construction and polymer manufacture.
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