11 February 2015
Smurfit Kappa Group plc today announces that it has successfully completed the pricing of an offering of €250 million of euro denominated senior notes due 2025 to be issued by its wholly-owned subsidiary, Smurfit Kappa Acquisitions.
The proceeds of the offering will be used to reduce term loan borrowings under the senior facilities agreement of Smurfit Kappa Acquisitions.
The notes are being offered in a private placement and there will be no public offering of the notes. The notes will be offered and sold only to qualified institutional buyers in accordance with Rule 144A under the U.S. Securities Act and to non-U.S. persons outside the United States in accordance with Regulation S under the Securities Act of 1933, as amended (the "U.S. Securities Act").
The notes priced at par and have a coupon of 2.75%. The closing of the sale of the notes is scheduled to be completed on 16 February 2015, and is subject to customary conditions.
THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF SMURFIT KAPPA ACQUISITIONS. NOT FOR DISTRIBUTION OR RELEASE IN OR INTO ANY JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW