Smurfit Kappa GrpPLC Statement re Launch of Senior Notes Offering
28 May 2014 - 4:01PM
UK Regulatory
TIDMSKG
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
Smurfit Kappa Group Announces the Launch of a Senior Notes
Offering
SKG.I SKG.L
Dublin, London | 28th May 2014: Smurfit Kappa Group plc (the
"Group"), one of the world's largest integrated manufacturers of
paper-based packaging products, with operations in Europe and the
Americas, today announces an offering by one of its wholly-owned
subsidiaries, Smurfit Kappa Acquisitions, of EUR500 million of euro
denominated senior notes due 2021. The net proceeds of the
offering, together with existing cash resources, will be used to
redeem all of the existing EUR500 million 7.75% senior notes due
2019 that were issued by Smurfit Kappa Acquisitions on 19 November
2009 and to pay certain fees and expenses related to the offering
and costs related to the redemption. 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").
About Smurfit Kappa Group
SKG is a world leader in paper-based packaging with operations
in Europe and the Americas. SKG operates in 21 countries in Europe
and 11 in the Americas. With innovation, service and pro-activity
towards customers as its primary focus, SKG is the European leader
in paper-based packaging including, corrugated, containerboard,
bag-in-box, solidboard, and solidboard packaging. It also has a key
position in a number of other product/market segments, including
graphicboard, MG paper and sack paper. SKG has a growing base in
Eastern Europe, and it is the largest pan-regional operator in
Latin America.
Contacts
Seamus Murphy FTI Consulting
Smurfit Kappa Group Tel: +353 1 663 36 80
Tel: +353 1 202 71 80 E-mail: smurfitkappa@fticonsulting.com
E-mail: ir@smurfitkappa.com
Forward Looking Statements
Some statements in this announcement are forward-looking. They
represent expectations for SKG's business, and involve risks and
uncertainties. These forward-looking statements are based on
current expectations and projections about future events. SKG
believes that current expectations and assumptions with respect to
these forward-looking statements are reasonable. However, because
they involve known and unknown risks, uncertainties and other
factors, which are in some cases beyond SKG's control, actual
results or performance, may differ materially from those expressed
or implied by such forward-looking statements. The financial
information above is subject to change as our financial statements
are reviewed by us and our auditors.
This press release shall not constitute an offer of securities
for sale in the United States or any other jurisdiction. The
securities have not been, and will not be, registered under the
U.S. Securities Act or the securities laws of any state of the
United States or any other jurisdiction and the securities may not
be offered or sold within the United States except pursuant to an
exemption from, or in a transaction not subject to, the
registration requirements of the U.S. Securities Act and applicable
state or local securities laws.
This announcement is for information purposes only and is
directed only at: (a) persons in member states of the European
Economic Area who are qualified investors (as defined inEU
directive 2003/71/EC (as amended) (the "Prospectus Directive"); (b)
persons in the United Kingdom who are qualified investors and who
are (i) investment professionals falling within Article 19(5) of
the Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005 (the "Order"); or (ii) persons falling within Article
49(2) (a) to (d) ("high net worth companies, unincorporated
associations, etc.") of the Order; or (iii) persons to whom it may
otherwise be lawfully communicated (all such persons in (a) and (b)
together being referred to as "relevant persons"). This
announcement must not be acted on or relied on by persons who are
not relevant persons. Any investment or investment activity to
which this announcement relates is available only to relevant
persons and will be engaged in only with relevant persons. No
money, securities or other consideration is being solicited, and,
if sent in response to the information contained herein, will not
be accepted.
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