Smurfit Kappa GrpPLC Statement re Completion of Senior Notes Offering
June 28 2018 - 6:50AM
UK Regulatory
TIDMSKG
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PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN,
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OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
Smurfit Kappa Announces Completion of EUR600m Senior Notes
Offering
Proceeds to fund acquisition of Reparenco
Smurfit Kappa Group plc today announces that it has successfully
completed an offering by one of its wholly-owned subsidiaries,
Smurfit Kappa Acquisitions Unlimited Company, of EUR600 million of
euro denominated senior notes due 2026. The notes priced at par and
have a coupon of 2.875%.
Proceeds will be used to fund the acquisition of Reparenco, a
paper and recycling business in the Netherlands, and for general
corporate purposes.
Paul Regan, Smurfit Kappa Group Treasurer: "We are pleased to
announce the completion of our EUR600 million Senior Notes
Offering. Given the strength of institutional demand, we increased
the offering from our initial target size of EUR500 million. This
transaction, together with our EUR230 million trade receivables
securitisation refinancing announced last week, further diversifies
our funding sources and extends our debt maturity profile."
About Smurfit Kappa
Smurfit Kappa, a FTSE 100 company, is one of the leading
providers of paper-based packaging solutions in the world, with
around 46,000 employees in approximately 365 production sites
across 35 countries and with revenue of EUR8.6 billion in 2017. We
are located in 22 countries in Europe, and 13 in the Americas. We
are the only large-scale pan-regional player in Latin America.
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.
Important Notice
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 UNLIMITED COMPANY
IN THE UNITED STATES OR ANY OTHER JURISDICTION; SECURITIES MAY NOT
BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN
EXEMPTION FROM REGISTRATION. NOT FOR DISTRIBUTION OR RELEASE IN OR
INTO ANY JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED
BY APPLICABLE LAW.
This announcement is directed only at persons who are: located
outside the United States and are (a) persons in member states of
the European Economic Area (the "EEA") other than the United
Kingdom who are qualified investors (within the meaning of Article
2(1)(e) of the Prospectus Directive (Directive 2003/71/EC as
amended, including by Directive 2010/73/EU) and any relevant
implementing measure in each member state of the EEA); (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 (c) persons to whom it may otherwise be
lawfully communicated (all such persons 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.
ENDS
Contact for media:
Contacts:
Ciaran Potts Melanie Farrell or Mark Kenny
Smurfit Kappa FTI Consulting
T: + 353 1 2027127 T: + 353 1 765 0800
E: ir@smurfitkappa.com E: smurfitkappa@fticonsuting.com
Follow us on Twitter at @smurfitkappa and on LinkedIn at
'Smurfit Kappa'.
www.smurfitkappa.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20180628005617/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
June 28, 2018 07:50 ET (11:50 GMT)
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