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29 Feb 2012

SKG successfully extends its debt maturities

SKG successfully extends its debt maturities

Further to its press release of 8 February 2012, Smurfit Kappa Group plc (“SKG”) is pleased to announce a very successful result to the planned extension of its debt maturities.

Today, the Group confirmed that it had received consents in excess of 95% to the proposed amendments to its Senior Credit Facility. The minimum required level of consents is 66.66%.

Lenders holding in excess of 85% of Term Loans B & C and 70% of the Revolving Credit Facilities have elected to extend their commitments, as requested in the Amendment Letter of 8 February.

Smurfit Kappa Group’s Chief Financial Officer, Mr Ian Curley, commented: “As part of our ongoing capital structure management, we are pleased to report a very successful result to the amendment of our Senior

Credit Facility. Our net debt reduction of €358 million to €2.75bn in the full year 2011 combined with the extension of our debt maturity profile provides us with significantly enhanced financial flexibility.”

SKG successfully extends its debt maturities