Packaging firm Smurfit Kappa Group has received almost unanimous consent to amend its senior credit facility, with more than 95% of lenders agreeing to revise loan terms.
Lenders have agreed to extend Smurfits 822m term loan B maturity by three years to June 2016. As a result, the margin on the loan will increase by around 50bp to 312.5bp.
Smurfits 819m term loan C will also be extended by three years to June 2017. The