The programme complements the Group’s existing Euro 175 million securitisation facility.
Smurfit Kappa Group is Europe's leading corrugated packaging company and one of the leading paper-based packaging companies in the world.
Smurfit Kappa completes Euro 240 million trade receivables securitisation refinancing
Smurfit Kappa has completed a new five year trade receivables securitisation programme of up to Euro 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.
Jun 28, 2014. /Lesprom Network/. Smurfit Kappa has completed a new five year trade receivables
securitisation programme of up to Euro 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, as
the company said in the press release received by Lesprom Network.