Clifford Chance
Clifford Chance advises the Joint Bookrunners on Syensqo's successful inaugural U.S.$1.2 billion offering of 144A/Reg S Notes
6 June 2024
- Olivier Plessis, , Batoul Laanani, Johannes Juette, Aritra Chamak Saha, Lounia Czupper, , Maks Mencin, Aritra Chamak Saha
- Paris, London, Brussels, Frankfurt
Clifford Chance advises the Joint Bookrunners on Syensqo's successful inaugural U.S.$1.2 billion offering of 144A/Reg S Notes
The Paris, Brussels and London offices of leading international law firm Clifford Chance have advised the joint bookrunners on Syensqo's inaugural U.S.$600 million Rule 144A/Reg S 5.650% Notes due 2029 and U.S.$600 million Rule 144A/Reg S 5.850% Notes due 2034.
Syensqo is a global company dedicated to providing solutions across specialty polymers, composite materials, specialty formulations and bio-circular chemistries to assist its customers in identifying, developing, and manufacturing the next generation of high-performance sustainable solutions. Headquartered in Brussels, Belgium, Syensqo has approximately 13,000 full-time equivalent employees as of December 31, 2023. It has a broad, diversified global industrial footprint with 62 industrial sites, 12 major Research and Innovation sites and an industrial presence in 15 countries across Europe, North America, Asia and the rest of the world.
This successful notes issuance by Syensqo was its first debt offering since its demerger from Solvay in 2023. The net proceeds of the offering 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.
The team was led by Olivier Plessis on US Capital Markets matters, supported in Paris by Andrew McCann and Batoul Laanani, together with, in London, Johannes Juette, Aritra Saha and Rory Farquharson, in Brussels, Lounia Czupper and Sophie Deschuyter, and in Frankfurt, Maks Mencin.
