Smurfit switches securitization for high yield
![Smurfit Kappa](https://assets.euromoneydigital.com/dims4/default/b36639b/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F43%2F33%2Faf02e499cf2c656e5915874494e1%2Fsmurfit-kappa.jpg)
Irish packaging company Smurfit Kappa has tapped its €600m 2.875% 2026 issue, its most recent high yield issue, on Wednesday for another €400m to pay back a big chunk of its securitization financing.
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