Statement re Bond Offering


 
TIDMSKG




  NOT FOR DISTRIBUTION OR RELEASE IN OR INTOAUSTRALIA, CANADA OR JAPAN, OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW




  Smurfit Kappa Group Announces the Launch of EUR500 million Senior Secured Notes Offering




  SKG.I SKG.L




  Smurfit Kappa Group plc ("the Group") today announces an offering of approximately EUR500 million senior secured notes to be issued by its wholly owned subsidiary Smurfit Kappa Acquisitions. The notes are expected to have a maturity of 8 years or more. The net proceeds of the offering will be used to repay a portion of our three outstanding term loans under the Senior Facility Agreement, originally dated 30 November 2005, as amended. The notes are being offered in a private placement and there will be no public offering of the notes.




  About Smurfit Kappa Group




  Smurfit Kappa Group is a world leader in paper-based packaging with operations in Europe and Latin America. Smurfit Kappa Group operates in 21 countries in Europe and is the European leader in containerboard, solidboard, corrugated and solidboard packaging and has a key position in several other packaging and paper market segments, including graphicboard, sack paper and paper sacks. Smurfit Kappa Group also has a good base in Eastern Europe and operates in 9 countries in Latin America where it is the only pan-regional operator.




  Forward Looking Statements




  Some statements in this announcement are forward-looking. They represent expectations for the Group's business, and involve risks and uncertainties. These forward-looking statements are based on current expectations and projections about future events. The Group believes that current expectations and assumptions with respect to these forward-looking statements are reasonable. However, because they involve known and unknown risks, uncertainties and other factors, which are in some cases beyond the Group's control, actual results or performance may differ materially from those expressed or implied by such forward-looking statements.




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  This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities in the United States, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or country. The securities may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the "Securities Act") or an applicable exemption from registration requirements. No public offering of securities will be made in the United States. This press release is being issued pursuant to and in accordance with Rule 135e under the Securities Act.




  Members of the public are not eligible to take part in the note issue. This announcement is for information purposes only and is directed only at: (a) persons in member states of the European Economic Area who are qualified investors (as defined in Article 2(1)(e) of EU directive 2003/71/EC (the "Prospectus Directive")); (b) persons in the United Kingdom, who are qualified investors and who are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations, etc") of the Order; or (iii) persons to whom it may otherwise be lawfully communicated (all such persons in (a) and (b) together being referred to as "relevant persons"). This announcement must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons. This announcement does not itself constitute an offer for sale or subscription of the notes.




  No money, securities or other consideration is being solicited, and, if sent in response to the information contained herein, will not be accepted.




  ENDS


 
Contacts 
Bertrand Paulet               K Capital Source 
Smurfit Kappa Group 
 
Tel: +353 1 202 71 80         Tel: +353 1 663 36 80 
E-mail: ir@smurfitkappa.com   E-mail: smurfitkappa@kcapitalsource.com

Smurfit Kappa (LSE:SKG)
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