Smurfit Kappa GrpPLC Statement re Launch of a Senior Notes Offering
25 June 2018 - 4:50PM
UK Regulatory
TIDMSKG
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN,
THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES OF AMERICA OR ANY
OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
Smurfit Kappa Announces the Launch of a Senior Notes
Offering
Smurfit Kappa Group plc ("SKG" or the "Group") today announces
an offering by one of its wholly-owned subsidiaries, Smurfit Kappa
Acquisitions Unlimited Company, of EUR500 million of euro
denominated senior notes due 2026.
The Group intends to use the proceeds from the offering to fund
the previously-announced acquisition of Reparenco Holding B.V. by
SKG (the "Acquisition") in the event all of the conditions to the
Acquisition are satisfied and the Acquisition is completed. Any
remaining net proceeds will be used for general corporate purposes,
which may include repaying certain existing indebtedness. This
offering is not conditional upon the completion of the
Acquisition.
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 non-U.S. persons outside the United States in
accordance with Regulation S under the Securities Act of 1933, as
amended.
About Smurfit Kappa
Smurfit Kappa, a FTSE 100 company, is one of the leading
providers of paper-based packaging solutions in the world, with
around 46,000 employees in approximately 365 production sites
across 35 countries and with revenue of EUR8.6 billion in 2017. We
are located in 22 countries in Europe, and 13 in the Americas. We
are the only large-scale pan-regional player in Latin America.
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.
Important Notice
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
IN THE UNITED STATES OR ANY OTHER JURISDICTION; SECURITIES MAY NOT
BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN
EXEMPTION FROM REGISTRATION. NOT FOR DISTRIBUTION OR RELEASE IN OR
INTO ANY JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED
BY APPLICABLE LAW.
This announcement is directed only at persons who are: located
outside the United States and are (a) persons in member states of
the European Economic Area (the "EEA") who are qualified investors
(within the meaning of Article 2(1)(e) of the Prospectus Directive
(Directive 2003/71/EC as amended, including by Directive
2010/73/EU) and any relevant implementing measure in each member
state of the EEA); (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 (c)
persons to whom it may otherwise be lawfully communicated (all such
persons 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.
ENDS
Contacts:
Ciaran Potts Melanie Farrell or Mark Kenny
Smurfit Kappa FTI Consulting
T: + 353 1 2027127 T: + 353 1 663 36 80
E: ir@smurfitkappa.com E: smurfitkappa@fticonsuting.com
Follow us on Twitter at @smurfitkappa and on LinkedIn at
'Smurfit Kappa'.
www.smurfitkappa.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20180624005107/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
June 25, 2018 02:50 ET (06:50 GMT)
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