Smurfit Kappa GrpPLC Statement re Completion of 5 Year EUR230 million Trade Receivables Securitisation Refinancing
June 20 2018 - 10:32AM
UK Regulatory
TIDMSKG
Smurfit Kappa announces successful completion of 5 Year EUR230
million Trade Receivables Securitisation Refinancing
Smurfit Kappa Group plc (the "Group") is pleased to announce the
refinancing of its existing 5-year trade receivables securitisation
facility with Lloyds Bank plc. The facility had been scheduled to
mature in 2019.
The refinanced facility, which utilises the Group's receivables
in France, Germany and the United Kingdom, will mature in June 2023
and provide for up to EUR230 million in financing.
The facility complements the Group's existing EUR175 million
securitisation facility which matures in 2022.
ENDS
Contact
Garrett Quinn FTI Consulting
Smurfit Kappa Group Melanie Farrell or Mark Kenny
T: +353 1 202 7180 T: +353 1 765 0800
E: ir@smurfitkappa.com E: smurfitkappa@fticonsulting.com
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 370 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.
With our proactive team we relentlessly use our extensive
experience and expertise, supported by our scale, to open up
opportunities for our customers. We collaborate with
forward-thinking customers by sharing superior product knowledge,
market understanding and insights in packaging trends to ensure
business success in their markets. We have an unrivalled portfolio
of paper-packaging solutions, which is constantly updated with our
market-leading innovations. This is enhanced through the benefits
of our integration, with optimal paper design, logistics,
timeliness of service, and our packaging plants sourcing most of
their raw materials from our own paper mills.
Our products, which are 100% renewable and produced sustainably,
improve the environmental footprint of our customers.
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/20180620005842/en/
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(END) Dow Jones Newswires
June 20, 2018 10:32 ET (14:32 GMT)
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