TIDMSKG TIDMSK3
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN,
THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES OF AMERICA OR ANY
OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
Smurfit Kappa Announces the Launch of its Green Finance
Framework and Commencement of Discussions with Potential Investors
on a New Green Financing Transaction
Dublin, London: Smurfit Kappa Group plc (SKG:ID SKG:LN)
(together with its subsidiaries, "Smurfit Kappa" or the "Group"),
one of the world's largest integrated manufacturers of paper-based
packaging products, with operations in Europe and the Americas, has
launched its Green Finance Framework. The Green Finance Framework
will support green issuances from Smurfit Kappa that finance assets
and expenditures associated with (1) circular economy adapted
products, production technologies and processes and/or certified
eco-efficient products and (2) environmentally sustainable
management of living natural resources and land use. The Green
Finance Framework is aligned with the ICMA Green Bond Principles
2021 and the LMA Green Loan Principles 2021, which have been
confirmed by ISS ESG in a positive Second Party Opinion.
The Green Finance Framework is reflective of the sustainable
nature of Smurfit Kappa's business model, with eligibility criteria
that span the geographic scope of the Group's operations and take
into account the Group's efforts to produce circular products,
using certified sustainable raw materials and implementing circular
production processes that are subject to continuous improvement,
both in terms of environmental and social metrics. As such, Smurfit
Kappa's approach to sustainable financing will also mirror what the
Group is, a global business which places sustainability at the
centre of its operating model.
Smurfit Kappa's Green Finance Framework and SPO are available
at: smurfitkappa.com/investors
Garrett Quinn, Chief Sustainability Officer, commented:
"Setting up this framework and issuing green finance instruments
is a further significant step in our sustainability strategy,
embedding sustainability into our capital structure alongside our
sustainability-linked revolving credit facility, and complementing
the dedication of everyone in Smurfit Kappa, where we make a
sustainable product in an increasingly sustainable way."
Smurfit Kappa has mandated ING and Rabobank as Joint Green
Structuring Advisors, and BNP Paribas, Citigroup, ING and Rabobank
to arrange on its behalf a series of virtual fixed income investor
meetings commencing today, Monday, 13 September 2021. An inaugural,
green, EUR 1 billion, Regulation S, senior, unsecured, dual-tranche
offering with 8-year and 12-year maturities is expected to follow,
subject to market conditions. Smurfit Kappa intends to use an
amount equivalent to the net proceeds from the offering to finance
eligible green projects under its Green Finance Framework. The
Group intends to issue a notice to redeem its senior notes due 2024
from existing cash on hand and/or existing available facilities,
should a transaction follow. BNP Paribas will be coordinating
logistics and an electronic deal roadshow presentation will be made
available.
About Smurfit Kappa
Smurfit Kappa, a FTSE 100 company, is one of the leading
providers of paper-based packaging solutions in the world, with
approximately 46,000 employees in over 350 production sites across
36 countries and with revenue of EUR8.5 billion in 2020. We are
located in 23 countries in Europe, and 13 in the Americas. We are
the only large-scale pan-regional player in Latin America. Our
products, which are 100% renewable and produced sustainably,
improve the environmental footprint of our customers.
With our proactive team, we relentlessly use our extensive
experience and expertise, supported by our scale, to open up
opportunities for our customers. We collaborate with
forward-thinking customers by sharing superior product knowledge,
market understanding and insights in packaging trends to ensure
business success in their markets. We have an unrivalled portfolio
of paper-based packaging solutions, which is constantly updated
with our market-leading innovations. This is enhanced through the
benefits of our integration, with optimal paper design, logistics,
timeliness of service, and our packaging plants sourcing most of
their raw materials from our own paper mills.
We have a proud tradition supporting social, environmental and
community initiatives in the countries where we operate. Through
these projects we support the UN Sustainable Development Goals,
focusing on where we believe we can have the greatest impact.
Follow us on LinkedIn, Twitter, Facebook, YouTube
smurfitkappa.com
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.
Important Notice
THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES
NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR
ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE
FOR, ANY SECURITIES OF SMURFIT KAPPA TREASURY UNLIMITED COMPANY IN
THE UNITED STATES OR ANY OTHER JURISDICTION; SECURITIES MAY NOT BE
OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN
EXEMPTION FROM REGISTRATION. NOT FOR DISTRIBUTION OR RELEASE IN OR
INTO ANY JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED
BY APPLICABLE LAW, AND AS SUCH, THIS ANNOUNCEMENT IS DIRECTED ONLY
AT NON-U.S. PERSONS (WITHIN THE MEANING OF REGULATION S
("REGULATION S") UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED)
LOCATED OUTSIDE THE UNITED STATES.
This announcement is directed only at persons who are located
outside the United States and who (i) have professional experience
in matters relating to investments (being investment professionals
falling within Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (as amended, the
"Financial Promotion Order")), (ii) are persons falling within
Article 49(2)(a) to (d) ("high net worth companies, unincorporated
associations, etc.") of the Financial Promotion Order, (iii) are
outside the United Kingdom or (iv) are persons to whom an
invitation or inducement to engage in investment activity (within
the meaning of section 21 of the Financial Services and Markets Act
2000 (the "FSMA")) in connection with the issue or sale of any
securities may otherwise lawfully be communicated or caused to be
communicated (all such persons 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 is not directed at any retail investor in the
EEA. For these purposes, a retail investor means a person who is
one (or more) of (i) a retail client as defined in point (11) of
Article 4(1) of Directive 2014/65/EU (as amended, "MiFID II"), (ii)
a customer within the meaning of Directive (EU) 2016/97 (as
amended), where that customer would not qualify as a professional
client as defined in point (10) of Article 4(1) of MiFID II, or
(iii) not a "qualified investor" as defined in Article 2 of
Regulation (EU) 2017/1129 (as amended).
This announcement is not directed at any retail investor in the
United Kingdom. For these purposes, a retail investor means a
person who is one (or more) of: (i) a retail client, as defined in
point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms
part of domestic law by virtue of the European Union (Withdrawal)
Act 2018 (the "EUWA"); or (ii) a customer within the meaning of the
provisions of the FSMA and any rules or regulations made under the
FSMA to implement Directive (EU) 2016/97, where that customer would
not qualify as a professional client, as defined in point (8) of
Article 2(1) of Regulation (EU) No 600/2014 as it forms part of
domestic law by virtue of the EUWA.
MiFID II professionals/ECPs-only/No PRIIPs KID. Manufacturer
target market (MIFID II product governance) is eligible
counterparties and professional clients only (all distribution
channels). No PRIIPs key information document (KID) has been
prepared as not available to retail in EEA.
UK MiFIR professionals/ECPs-only/No UK PRIIPs KID. Manufacturer
target market (MiFIR product governance) is eligible counterparties
and professional clients only (all distribution channels). No
PRIIPs key information document (KID) has been prepared as not
available to retail in the United Kingdom.
ENDS
Contacts:
Ciarán Potts Melanie Farrell
Smurfit Kappa FTI Consulting
T: +353 1 202 71 27 T: +353 765 08 00
E: ir@smurfitkappa.com E: smurfitkappa@fticonsulting.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20210913005282/en/
CONTACT:
Smurfit Kappa Group PLC
SOURCE: Smurfit Kappa Group PLC
Copyright Business Wire 2021
(END) Dow Jones Newswires
September 13, 2021 03:45 ET (07:45 GMT)
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