debt
confidence high
sentiment neutral
materiality 0.72
H.B. Fuller launches $950 million notes offering to fund Advanced Medical Solutions acquisition
FULLER H B CO
- H.B. Fuller commenced a private offering of $950 million of senior unsecured notes due 2034, exempt from Securities Act registration under Rule 144A/Reg S.
- Proceeds will fund the acquisition of Advanced Medical Solutions Group plc (AMS), repay credit agreement borrowings and redeem FUL's 4.000% notes due February 15, 2027.
- $450 million of the notes must be redeemed at 100% of issue price if the AMS acquisition is not completed by June 25, 2027.
- Pro forma combined net revenue was $3.867 billion and Adjusted EBITDA $713.5 million, with pro forma net total leverage of 4.2x and 3.3x interest coverage.
- FUL entered a Co-operation Agreement with AMS and H.B. Fuller Medical Adhesive Technologies Inc. on June 25, 2026.