Smurfit Kappa GrpPLC Statement re Pricing of New EUR250,000,000 Senior Secured Floating Rate Notes Offering
September 18 2012 - 7:55AM
UK Regulatory
TIDMSKG
THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES
NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR
ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE
FOR, ANY SECURITIES OF SMURFIT KAPPA ACQUISITIONS.NOT FOR
DISTRIBUTION OR RELEASE IN OR INTO ANY JURISDICTION IN WHICH OFFERS
OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW
Smurfit Kappa Group Announces the Pricing of New EUR250,000,000
Senior Secured Floating Rate Notes Offering
SKG.I SKG.L
Dublin, London | 18th September 2012: Smurfit Kappa Group plc
(the "Group") one of the world's largest integrated manufacturers
of paper-based packaging products, with operations in Europe and
Latin America, today announced that it had successfully completed
the pricing of an offering of EUR250 million of senior secured
floating rate notes due 2020 to be issued by its wholly owned
subsidiary Smurfit Kappa Acquisitions. The net proceeds of the
offering will be used to prepay a portion of the Group's
outstanding term loans under its senior credit facility and to pay
certain fees and expenses related to the offering. The notes are
being offered in a private placement and there will be no public
offering of the notes.
The notes priced at an issue price of 100 percent and at an
interest rate of three-month EURIBOR, reset quarterly, plus 350
basis points. The closing of the sale of the notes is scheduled to
be completed on 21 September 2012, and is subject to customary
conditions.
About Smurfit Kappa Group
Smurfit Kappa Group is a world leader in paper-based packaging
with operations in Europe and Latin America. Smurfit Kappa Group
operates in 21 countries in Europe and is the European leader in
containerboard, solidboard, corrugated and solidboard packaging and
has a key position in several other packaging and paper market
segments, including graphicboard and sack paper. Smurfit Kappa
Group also has a growing base in Eastern Europe, a bag-in-box
facility in Canada and operates in 9 countries in Latin America
where it is the only pan regional operator.
Contacts
Seamus Murphy FTI Consulting
Smurfit Kappa Group
Tel: +353 1 202 71 80 Tel: +353 1 663 36 80
E-mail: ir@smurfitkappa.com E-mail: smurfitkappa@fticonsulting.com
Forward Looking Statements
Some statements in this announcement are forward-looking. They
represent expectations for the Group's business, and involve risks
and uncertainties. These forward-looking statements are based on
current expectations and projections about future events. The Group
believes that current expectations and assumptions with respect to
these forward-looking statements are reasonable. However, because
they involve known and unknown risks, uncertainties and other
factors, which are in some cases beyond the Group's control, actual
results or performance, may differ materially from those expressed
or implied by such forward-looking statements.
This press release shall not constitute an offer of securities
for sale in the United States or any other jurisdiction. The
securities have not been, and will not be, registered under the
U.S. Securities Act or the securities laws of any state of the
United States or any other jurisdiction and the securities may not
be offered or sold within the United States except pursuant to an
exemption from, or in a transaction not subject to, the
registration requirements of the U.S. Securities Act and applicable
state or local securities laws.
This announcement is for information purposes only and is
directed only at: (a) persons in member states of the European
Economic Area who are qualified investors (as defined in EU
directive 2003/71/EC (as amended) (the "Prospectus Directive"); (b)
persons in the United Kingdom who are qualified investors and who
are (i) investment professionals falling within Article 19(5) of
the Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005 (the "Order"); or (ii) persons falling within Article
49(2) (a) to (d) ("high net worth companies, unincorporated
associations, etc.") of the Order; or (iii) persons to whom it may
otherwise be lawfully communicated (all such persons in (a) and (b)
together being referred to as "relevant persons"). This
announcement must not be acted on or relied on by persons who are
not relevant persons. Any investment or investment activity to
which this announcement relates is available only to relevant
persons and will be engaged in only with relevant persons. No
money, securities or other consideration is being solicited, and,
if sent in response to the information contained herein, will not
be accepted.
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