Packaging giant Smurfit Kappa has announced of €500 million of euro denominated senior notes due 2021.
The debt issue will take place through one of the Dublin-based company’s wholly-owned subsidiaries, Smurfit Kappa Acquisitions. The net proceeds of the offering, together with existing cash resources, will be used to redeem all of the existing €500 million 7.75% senior notes due 2019 that were issued by Smurfit Kappa Acquisitions on 19 November 2009 and to pay certain fees...
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