(Boursier.com) — Solvay will exercise as soon as possible its residual maturity call option on the 2022 1.625% Senior Eurobond, ISIN BE6282459609 (outstanding amount of 377.5 million euros out of the initial amount of 750 million). This exercise will be implemented in accordance with the terms and conditions of the relevant prospectus. Karim Hajjar, CFO of Solvay, commented: “This early redemption, which follows new record results, gives us the opportunity to further improve our balance sheet. Since 2019, we have structurally improved cash generation and significantly deleveraged Solvay’s balance sheet, which strengthens us to face turbulent times with confidence”.
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