Smurfit Kappa GrpPLC Statement re Pricing of a Senior Notes Offering
18 January 2017 - 2:55AM
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 UNLIMITED
COMPANY.NOT FOR DISTRIBUTION OR RELEASE IN OR INTO ANY JURISDICTION
IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.
Smurfit Kappa Announces the Pricing of a Senior Notes
Offering
SKG.I SKG.L
Dublin, London | 17 January 2017: 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 that it has successfully priced an
offering by one of its wholly-owned subsidiaries, Smurfit Kappa
Acquisitions Unlimited Company, of EUR500 million of euro
denominated senior notes due 2024. The notes priced at par and have
a coupon of 2.375%. The closing of the sale of the notes is
scheduled to be completed on 24 January 2017, and is subject to
customary conditions.
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
Smurfit Kappa is one of the world's largest integrated
manufacturers of paper- based packaging products, with around
45,000 employees in approximately 370 production sites across 34
countries and with revenue of EUR8.1 billion in 2015. We are
located in 21 countries in Europe, and 13 in the Americas. We
believe that we are the largest pan-regional player in Latin
America.
Garrett Quinn FTI Consulting
Smurfit Kappa
T: +353 1 202 71 80 T: +353 1 663 36 80
E: E: smurfitkappa@fticonsulting.com
ir@smurfitkappa.com
Forward Looking Statements
Some statements in this announcement are forward-looking. They
represent expectations for the Group's business, and involve risks
and uncertainties. These forward-looking statements are based on
current expectations and projections about future events. The Group
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 the Group's control, actual
results or performance, may differ materially from those expressed
or implied by such forward-looking statements.
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.
View source version on businesswire.com:
http://www.businesswire.com/news/home/20170117006052/en/
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(END) Dow Jones Newswires
January 17, 2017 10:55 ET (15:55 GMT)
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