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Synthomer plc: Synthomer's completion of tender offer is credit positi...

The company's €370 million tender offer successfully completed a partial refinancing of the €520 million bond.

Synthomer plc: Covenant Quality Pre-Sale Snapshot: €350m _% Senior Not...

Synthomer plc’s (the “Issuer”) covenant quality package provides weak protection (3.92).

Moody's Ratings assigns a B1 rating to Synthomer's proposed new note i...

Moody's Ratings (Moody's) assigned a B1 rating to Synthomer plc's (Synthomer, the group or the company)  proposed backed senior unsecured note issuance (the new notes) for an amount up to €350 million and a tender offer with a maximum acceptance of €370 million. The existing B1 long-term corporate f...

Moody's downgrades Synthomer to B1 from Ba3; changes outlook to negati...

Moody's Ratings (Moody's) has today downgraded Synthomer plc's (Synthomer) long-term corporate family rating (CFR) to B1 from Ba3 as well as its probability of default rating (PDR) to B1-PD from Ba3-PD. Concurrently Moody's downgraded the rating on its €520 million backed senior unsecured notes to B...

Synthomer: 1 director

A director at Synthomer bought 10,000 shares at 185p and the significance rating of the trade was 59/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing ...

Synthomer plc: Proposed rights issue supports Synthomer's liquidity, a...

Some of the net proceeds from the rights issue will be used to improve the company's liquidity position and improve near-term capacity under the company's financial covenant.

Synthomer plc: Update following rating downgrade

Our credit view of Synthomer reflects its status as a medium-sized high-performance chemical manufacturer, with inherent end-market cyclicality.

Moody's downgrades Synthomer to Ba3, stable outlook

Moody's Investors Service (Moody's) has today downgraded Synthomer plc's (Synthomer) long term corporate family rating (CFR) to Ba3 from Ba2, as well as its probability of default rating (PDR) to Ba3-PD from Ba2-PD. Concurrently Moody's downgraded the rating on the €520 million backed senior unsecur...

Moody's downgrades Synthomer to Ba3, stable outlook

Moody's Investors Service (Moody's) has today downgraded Synthomer plc's (Synthomer) long term corporate family rating (CFR) to Ba3 from Ba2, as well as its probability of default rating (PDR) to Ba3-PD from Ba2-PD. Concurrently Moody's downgraded the rating on the €520 million backed senior unsecur...

Synthomer plc: Proceeds of the laminates, films and coated fabrics bus...

Synthomer takes steps to maintain financial flexibility in the face of a cyclical downturn.

Synthomer plc: Update following 2021 results

Our credit view of Synthomer reflects its improving business profile, driven by acquisitions in recent years, as well as our expectation that its earnings will fall significantly in 2022.

An unfavourable environment weighs on SYNTHOMER, which sees a downgrad...

The independent financial analyst theScreener just requalified the general evaluation of SYNTHOMER (GB), active in the Speciality Chemicals industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date January 18, 2022, the...

Synthomer plc: Acquisition of Adhesive Resins Business improves Syntho...

The report reflects our view that Synthomer will remain adequately positioned in the Ba2 rating category despite the announced acquisition of the Adhesive Technologies business

Moody's announces completion of a periodic review of ratings of Syntho...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Synthomer plc. Global Credit Research- 20 Aug 2021. London, 20 August 2021-- Moody's Investors Service has completed a periodic review of the ratings of Synthomer plc and other ratings that are associated with the same analytical unit.

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Chinese Indexes Headed Higher Global equities (MSCI ACWI, ACWI ex-US, and EAFE) remain bullish with their uptrends intact, and the MSCI Emerging Markets index continues to hold above major support at $52 on the EEM-US. Additionally, Europe's STOXX 50 and Hong Kong's Hang Seng are on the cusp of short-term breakouts, while the major indexes in China (Shanghai Composite & CSI 300) are currently breaking above short-term resistance... see chart below. Considering the absence of breakdowns and the ...

Synthomer plc: Update following outlook change to stable

Our credit view of Synthomer plc, reflecting its diverse applications, serving large end-markets and offering solid diversification, offset by its small scale and M&A growth strategy.

Moody's affirms Synthomer's Ba2 rating; outlook changed to stable

Rating Action: Moody's affirms Synthomer's Ba2 rating; outlook changed to stable. Global Credit Research- 31 Mar 2021. London, 31 March 2021-- Moody's Investors Service today affirmed Synthomer plc's Ba2 corporate family rating, its Ba2-PD probability of default rating and the Ba2 rating of its E520 million backed senior unsecured notes due 2025. Concurrently, Moody's changed the outlook to stable from negative.

Moody's announces completion of a periodic review of ratings of Syntho...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Synthomer plc. Global Credit Research- 02 Oct 2020. London, 02 October 2020-- Moody's Investors Service has completed a periodic review of the ratings of Synthomer plc and other ratings that are associated with the same analytical unit.

Synthomer plc: Update following refinancing

Our credit view of Synthomer, reflecting its small scale but strong position in its niche markets and solid financial profile although with temporarily elevated leverage.

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