PACKAGING group Smurfit Kappa said that its lenders had approved amended terms, enabling it to raise longer-dated funds or to refinance some of its existing bank facilities.
It also said that lenders holding 75% of a credit facility maturing in 2012 had chosen to extend their commitments by one year.
"The original €600 million revolving credit facility maturing in December 2012 has therefore been converted into two tranches totalling €525m, of which €152m matures in December 2012 and €373m in December 2013," it said.
a d v e r t i s e m e n t
This appeared in the printed version of the Irish Examiner Saturday, July 04, 2009
