H.B. Fuller issues $850 million in 7.625% notes due 2034
FUL•H.B. Fuller issued $850 million of 7.63% senior unsecured notes due October 15, 2034, and terminated a $917 million bridge credit agreement with no borrowings outstanding. If it does not complete the Advanced Medical Solutions acquisition by June 25, 2027, $450 million of the notes must be redeemed.
1. Notes and bridge agreement
H.B. Fuller issued $850 million of 7.63% senior unsecured notes on October 21, 2026, due October 15, 2034. Interest is payable semiannually on April 15 and October 15, beginning April 15, 2027. The $917 million Unsecured Bridge Credit Agreement administered by Goldman Sachs Bank USA terminated the same day with no borrowings outstanding.
2. Acquisition condition
If H.B. Fuller does not complete the Advanced Medical Solutions acquisition by June 25, 2027, it must redeem $450 million of the notes. The deadline may extend through October 21, 2027; redemption would be at 100% of the initial issue price plus accrued interest.
