Smurfit Kappa GrpPLC Statement re Completion of EUR400m Senior Notes Offering
February 04 2019 - 8:06AM
UK Regulatory
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4 February 2019
Smurfit Kappa Announces Completion of EUR400m Senior Notes
Offering
SKG:IDSKG:LN
Dublin, London, 4 February, 2019: Smurfit Kappa Group plc ('SKG'
or the "Group") today announces that it has successfully completed
an offering by one of its wholly-owned subsidiaries, Smurfit Kappa
Acquisitions Unlimited Company (the "Issuer"), of EUR400 million of
euro denominated senior notes due 2026 (the "Notes"). The Notes
were issued under the indenture (the "Indenture") governing the
Issuer's outstanding euro denominated senior notes due 2026 (the
"Existing Notes") and form a single series with the Existing Notes
for all purposes under the Indenture, including, without
limitation, waivers, amendments, redemptions and offers to
purchase. The Notes will have the same ISIN and common code as the
Existing Notes, provided that the Notes have initially been issued
bearing a temporary ISIN and common code. The Notes were issued at
100.75% plus accrued and unpaid interest from 15 January 2019 and
have a coupon of 2.875% and a yield to maturity of 2.756%.
Paul Regan, Group Treasurer, commented, "We are very pleased to
have completed this upsized Notes offering which reflects the
strong support of our investors for the Group and our strategic
direction. The closing of this transaction follows the announcement
last week of the signing of our new EUR1,350 million revolving
credit facility and is part of our proactive financing strategy to
reduce the cost and extend the term of our debt facilities while
increasing the flexibility of our capital structure".
ENDS
Garrett Quinn Melanie Farrell
Smurfit Kappa Group FTI Consulting
T: +353 1 202 7180 T: +353 1 765 0800
E: ir@smurfitkappa.com E: smurfitkappa@fticonsulting.com
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 45,000 employees in approximately 350 production sites
across 34 countries and with revenue of EUR8.6 billion in 2017. We
are located in 22 countries in Europe, and 12 in the Americas. We
are the only large-scale pan-regional player in Latin America.
With our pro-active team, we relentlessly use our extensive
experience and expertise, supported by our scale, to open up
opportunities for our customers. We collaborate with
forward-thinking customers by sharing superior product knowledge,
market understanding and insights in packaging trends to ensure
business success in their markets. We have an unrivalled portfolio
of paper-packaging solutions, which is constantly updated with our
market-leading innovations. This is enhanced through the benefits
of our integration, with optimal paper design, logistics,
timeliness of service, and our packaging plants sourcing most of
their raw materials from our own paper mills.
Our products, which are 100% renewable and produced sustainably,
improve the environmental footprint of our customers.
Check out our micrositeopenthefuture.info. Follow us on Twitter
at @smurfitkappa and on LinkedIn at 'Smurfit Kappa'.
smurfitkappa.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.
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.
MiFID II professionals/ECPs-only/No PRIIPs KID. Manufacturer
target market (MIFID II product governance) is eligible
counterparties and professional clients only (all distribution
channels). No PRIIPs key information document (KID) has been
prepared as not available to retail in EEA.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20190204005414/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
February 04, 2019 09:06 ET (14:06 GMT)
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