Solvay has successfully completed the acquisition of Cytec and will immediately begin the integration of Cytec’s businesses to deliver cost synergies and capture significant business opportunities in advanced lightweighting materials for the aerospace and automotive industries and in specialty chemicals for mining.
Solvay finalizes financing of Cytec acquisition with 100% subscription of its rights issue further to completion of scrips placement
December 17, 2015 - extended version
95.02% new Solvay shares subscribed through rights offering in the context of the Cytec acquisition
December 16, 2015 - extended version
Solvay announces today the launch of a rights issue of € 1.5 billion to complete the financing of the intended acquisition of U.S.-based Cytec, which is expected to close on December 9, 2015.
Extended version of the press release
Solvay launches a € 1.5 billion rights issue in the context of the intended Cytec acquisition
Questions & answers relative to a capital increase with preferential subscription rights
December 3, 2015
Subscription form A – eligible registered shareholders only
Subscription form B – eligible registered shareholders only
Explanatory note – eligible registered shareholders only
Solvay announces today that it has successfully priced two series of USD-denominated senior bonds, issued by Solvay Finance (America), LLC, and guaranteed by Solvay SA, with a combined principal amount of USD 1.6 billion, to finance part of the intended acquisition of U.S.-based Cytec.
Solvay announced today that it has successfully launched a euro-denominated senior bond issue worth € 2.25 bn and a euro-denominated hybrid bond issue worth € 1.0 bn, to finance the intended acquisition of Cytec and to allow the refinancing of existing short-term and long-term financial debts.