Financing ·
H.B. Fuller commences $950M senior unsecured notes offering to fund Advanced Medical Solutions Group acquisition
FULFuller H B Co
H.B. Fuller Company commenced a private offering of $950 million aggregate principal amount of new senior unsecured notes due 2034, subject to customary conditions. The company intends to use the proceeds, along with other available cash and borrowings, to fund the purchase price for the acquisition of Advanced Medical Solutions Group plc (AMS), repay existing credit agreement borrowings, redeem its 4.000% notes due February 15, 2027, and for general corporate purposes. If the AMS acquisition is not consummated by June 25, 2027, or if the cooperation agreement is terminated, H.B. Fuller must redeem $450 million of the notes at par plus accrued interest. The filing includes unaudited pro forma financial information combining H.B. Fuller and AMS results.