H.B. Fuller Prices $850 Million Senior Notes Offering

MT newswire2026/10/09 08:22

04:22 AM EDT, 10/09/2026 (MT Newswires) -- H.B. Fuller (FUL) said Thursday it has priced a private offering of $850 million of its 7.625% senior unsecured notes due 2034 at an issue price of 100% of the principal amount. Net proceeds from the offering, together with other cash and borrowings, are intended to be used to fund the buyout of UK-based Advanced Medical Solutions Group, to repay other borrowings, to fund the repayment or redemption of the company's 4% notes due Feb. 15, 2027, as well as for other general corporate purposes. If the buyout of Advanced Medical is not consummated before June 25, 2027, or if the company notifies the trustee that it has determined that the buyout deal has been terminated, or will not be completed within a specified date period, the H.B. Fuller will be required to redeem $450 million of the new notes at a redemption price equal to 100% of the issue price, plus accrued and unpaid interest. The issuance of the notes is expected to close on Oct. 21, and will pay interest on a semi-annual basis.

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