Smurfit Kappa to refinance oustanding debt package

Irish packaging company Smurfit Kappa is seeking to refinance its senior secured credit facility with an unsecured relationship bank facility.

  • By Nina Flitman
  • 13 Jun 2013


Smurfit’s debt comprises three tranches: a €385m term loan ‘B’ priced at 362.5bp over Euribor, a €411m term loan ‘C’ priced at 387.5bp over and €525m revolver at 325bp over. The term loan ‘B’ and revolver are due to be repaid in 2016, while the term loan ‘C’ ...

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