Smurfitt Kappa gets consent to follow Wind with high yield bond
Lenders to the Irish packaging firm have approved its covenant request to refinance some of its bank facilities with a high yield bond, continuing the trend in Europe for sub-investment grade borrowers to use high yield bonds to take out bank debt. But will Smurfit issue the bond before the market closes this summer? Read Euroweek this week for more details and the market reaction.
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