Synthomer strikes new revolving credit facility agreement

21st Mar 2023 08:02

(Sharecast News) - Chemicals company Synthomer revealed on Tuesday that it has struck an agreement on a new revolving credit facility.

Synthomer stated it had signed a new $480.0m committed revolving credit facility maturing 31 May 2025.

The AIM-listed group told investors back in January that discussions were progressing with its banking syndicate to extend the duration of its core financing arrangements.

Synthomer will update the market further when it reports full-year results on 28 March.

As of 0940 GMT, Synthomer shares were up 1.20% at 126.30p.

Reporting by Iain Gilbert at Sharecast.com