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Prospect News home > News index > List of issuers Tenders > Headlines for 2019 > News item
Published on 9/3/2019 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Smurfit Kappa unit to redeem all floaters due 2020, some 3¼% notes

By Sarah Lizee

Olympia, Wash., Sept. 3 – Smurfit Kappa Group plc announced that it intends to redeem in full the senior floating-rate notes due 2020 and €250 million of the 3¼% senior notes due 2021 issued by Smurfit Kappa Acquisitions Unlimited Co.

The group will use cash on hand and proceeds from €750 million of 1½% notes due 2027 that priced on Monday.

The redemptions are expected to take place on Oct. 3.

Smurfit is a Dublin-based packaging company.


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