Smurfit Kappa announce amendment

Smurfit Kappa Group today announced that it has secured approval from its lenders and amended

certain terms of its senior credit facilities including a reduction in margin across each of the facilities.

Mr Ian Curley, Smurfit Kappa Group finance director, commented: "We are pleased to complete this amendment. This has resulted in a reduction in the Group's overall cost of debt and gives SKG greater financial flexibility."

A Group subsidiary today also announced that it has commenced a cash tender offer for all of its dollar denominated 9.5/8% Senior Notes due 2012 and all of its euro denominated 10.1/8% Senior Notes due 2012.