Saturday February 22, 2020

Smurfit Kappa announces €400 million debt offering

Smurfit Kappa has announced plans to offer €200 million of euro-denominated senior secured notes due 2018 and $250 million (€199 million) of dollar notes due 2018.

3rd September, 2012

Smurfit Kappa has announced plans to offer €200 million of euro-denominated senior secured notes due 2018 and $250 million (€199 million) of dollar notes due 2018.

The proceeds of the bond offering will be used to repay existing 7.75 per cent senior subordinated notes due 2015. Any excess proceeds will be used to repay term loans outstanding under the group's senior credit facility, the company said.

The notes are being offered in a private placement and there will be no...

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