Wednesday February 26, 2020

Packaging: Smurfit refinancing deal a big boost for shareholders

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.

27th July, 2013
Gary McGann, chief executive, Smurfit Kappa.

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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