14th Jul 2014 09:20
MONDI PLC - Extension of Revolving Credit FacilityMONDI PLC - Extension of Revolving Credit Facility
PR Newswire
London, July 14
Mondi Limited(Incorporated in the Republic of South Africa)(Registration number: 1967/013038/06)JSE share code: MND ISIN: ZAE000156550 Mondi plc(Incorporated in England and Wales)(Registered number: 6209386)JSE share code: MNP ISIN: GB00B1CRLC47LSE share code: MNDI As part of the dual listed company structure, Mondi Limited and Mondi plc(together 'Mondi Group' or `Mondi') notify both the JSE Limited and the LondonStock Exchange of matters required to be disclosed under the ListingsRequirements of the JSE Limited and/or the Disclosure and Transparency andListing Rules of the United Kingdom Listing Authority. 14 July 2014 MONDI signs extension of its EUR750 million revolving credit facility Mondi is pleased to announce the signing of an Amendment and RestatementAgreement that extends the maturity date of its existing EUR750 millionrevolving credit facility from 2016 to 2019 and reduces the cost of thefunding. The Agreement includes an option to extend the facility for anadditional year at both the first and second anniversary of the Agreement witheach bank's approval. The facility was self-arranged with the existing 10 relationship banks. TheMandated Lead Arrangers are: Barclays Bank plc, BNP Paribas, Commerzbank AG,Deutsche Bank AG, DNB Bank ASA, Erste Group Bank AG, HSBC Bank Plc, RaiffeisenBank International AG, The Royal Bank of Scotland plc and UniCredit BankAustria AG. Andrew King, Mondi's Chief Financial Officer, said:"We are delighted with the confidence shown in the Mondi Group by having allour relationship banks agree to continue their support for the next fiveyears. This transaction reinforces the financial strength of the Group byextending our debt maturity profile in a cost effective manner." Contact details: James PatersonGroup TreasurerTel: +44 (0)1932 826340E-mail: [email protected] Andrew KingGroup CFOTel: +27 (0)11 994 5415E-mail: [email protected] Editors' notes About Mondi: Mondi is an international packaging and paper Group, employing around 26,000people in production facilities across 31 countries. In 2013, Mondi hadrevenues of EUR6.5 billion and a ROCE of 15.3%. The Group's key operations arelocated in central Europe, Russia, the Americas and South Africa. The Mondi Group is fully integrated across the packaging and paper value chain- from the management of its own forests and the production of pulp and paper(packaging paper and uncoated fine paper), to the conversion of packaging paperinto corrugated packaging, industrial bags, extrusion coatings and releaseliner. Mondi is also a supplier of innovative consumer packaging solutions,advanced films and hygiene products components. Mondi has a dual listed company structure, with a primary listing on the JSELimited for Mondi Limited under the ticker code MND and a premium listing onthe London Stock Exchange for Mondi plc, under the ticker code MNDI. TheGroup's performance, and the responsible approach it takes to good businesspractice, has been recognised by its inclusion in the FTSE4Good Global,European and UK Index Series (since 2008) and the JSE's Socially ResponsibleInvestment (SRI) Index since 2007.
Sponsor in South Africa: UBS South Africa (Pty) Ltd
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