Smurfit Kappa steams through A&E process

02 Mar 2012

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 Smurfit’s €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.

Smurfit’s €819m term loan ‘C’ will also be extended by three years to June 2017. The ...

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