Smurfit Kappa Group: Launch of new senior secured floating rate notes offering

Sep 19, 2012. /Lesprom Network/. Smurfit Kappa Group plc (the "Group") one of the world’s largest integrated manufacturers of paper-based packaging products, with operations in Europe and Latin America, today announces an offering by one of its wholly-owned subsidiaries, Smurfit Kappa Acquisitions, of €200 million of senior secured floating rate notes due 2020, as the company said in the press release received by Lesprom Network. The net proceeds of the offering will be used to prepay a portion of the Group’s outstanding term loans under its senior credit facility and to pay certain fees and expenses related to the offering. 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").