26th Jun 2014 11:21
Smurfit Kappa announces successful completion of
€240 million Trade Receivables Securitisation Refinancing
SKG:ID SKG:LN
Smurfit Kappa is pleased to announce that it has successfully completed a new five year trade receivables securitisation programme of up to €240 million maturing in June 2019, utilising the Group’s receivables in France , the United Kingdom and Germany. The new programme will be used to refinance a similar facility which matures in 2015. The programme complements the Group’s existing €175 million securitisation facility.
Smurfit Kappa
Smurfit Kappa is one of the leading producers of paper-based packaging in the world, with around 41,000 employees in approximately 350 production sites across 32 countries and with sales revenue of €7.9 billion in 2013.
Innovation, service and pro-activity towards customers, using sustainable resources, is our primary focus. This focus is enhanced through us being an integrated producer, with our packaging plants sourcing the major part of their raw materials from our own paper mills. We are the European leader in paper-based packaging, operating in 21 countries selling products including corrugated, containerboard, bag-in-box, solidboard and solidboard packaging. We have a growing base in Eastern Europe in many of these product areas. We also have a key position in other product/market segments including graphicboard, MG paper and sack paper. We are the only large scale pan regional player in the Americas, operating in 11 countries in total in North, Central and South America.
ENDS
For further information contact:
| Seamus Murphy Smurfit Kappa Group Tel: +353 1 202 71 80 E-mail: [email protected]
| FTI Consulting Tel: +353 1 663 36 86 E-mail: [email protected] |
Copyright Business Wire 2014
Related Shares:
SKG.L