HY welcomes new packaging firm ditching PP debt

By Owen Sanderson
15 Oct 2020

Canpack, a Poland-based packaging company, made its debut in the euro and dollar high yield market this week, shaking off the constraints of its private placement-based capital structure and preparing for expansion in the US.

The company, owned by Giorgi Global Holdings, announced it was looking to raise $1.1bn-equivalent across a seven year non-call three euro and a five year non-call two dollar bond on Monday, appointing Citi to lead the euros, Wells Fargo to lead the dollars, and HSBC as joint gloco. ...

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