Smurfit Kappa's refinancing deal on its senior debt could be good news for its investors ahead of the release of the company's Q2 results on Wednesday.
According to stockbroking firm Goodbody, the cash savings achieved will directly benefit equity holders and the company's dividend has the potential to double over three years. Smurfit Kappa is the broker's top pick in the paper and packaging sector.
The company could save up to €13 million a year...
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