Smurfit Kappa announces offering of €500M senior notes due 2021; net proceeds of offering will be used to redeem all of existing €500M 7.75% senior notes due 2019 issued November 2009
May 28, 2014
– The net proceeds of the offering, together with existing cash resources, will be used to redeem all of the existing €500 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").