Solvay announces the early redemption of senior bonds on the back of record results
Solvay has decided to exercise its residual maturity call option on the 2022 €-senior bonds 1.625%, ISIN BE6282459609 (outstanding of €377.5 million out of the initial amount of €750 million) as soon as possible. Such exercise will be implemented in accordance with the terms and conditions of the related prospectus (see the notice).
Karim Hajjar, CFO of Solvay, commented: “This early redemption, on the back of yet another record set of results, gives us the opportunity to further improve our balance sheet. Since 2019, we have structurally improved cash generation and strongly deleveraged Solvay’s balance sheet, and this equips us to confront turbulent times with confidence. ”
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Solvay is a science company whose technologies bring benefits to many aspects of daily life. With more than 21,000 employees in 63 countries, Solvay bonds people, ideas and elements to reinvent progress. The Group seeks to create sustainable shared value for all, notably through its Solvay One Planet roadmap crafted around three pillars: protecting the climate, preserving resources and fostering a better life. The Group’s innovative solutions contribute to safer, cleaner, and more sustainable products found in homes, food and consumer goods, planes, cars, batteries, smart devices, health care applications, water and air purification systems. Founded in 1863, Solvay today ranks among the world’s top three companies for the vast majority of its activities and delivered net sales of €10.1 billion in 2021. Solvay is listed on Euronext Brussels and Paris (SOLB). Learn more at www.solvay.com.