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Funds will be used to finance acquisitions and organic growth projects
Vienna – Mayr-Melnhof Karton AG, together with the arranging banks Erste Group, Bank Austria and Raiffeisenbank International, has successfully placed a Schuldschein loan and Namensschuldverschreibungen in a total volume of EUR 1 billion with a broadly diversified group of institutional investors in Austria and abroad. The original target volume of EUR 300 million was oversubscribed by a factor of six. The transaction comprises tranches with fixed as well as variable interest rates over a duration of 5 to 15 years. The average duration amounts to 8.8 years with an average interest rate of 1.5 %.
The proceeds will be used to finance the acquisition of Kotkamills, Finland, and IP Kwidzyn, Poland, as well as for organic growth. Franz Hiesinger, CFO of the MM Group, comments: “In a favorable capital market environment, a high level of confidence was placed in our stable business model and the growth course in sustainable and innovative fiber-based packaging solutions we have embarked upon. Following this transaction, the Group’s financing continues to be based on a very solid capital base.”
end of announcement euro adhoc
issuer: Mayr-Melnhof Karton AG
phone: +43 1 50 136
indexes: ATX, ATX PRIME
Digital press kit: http://www.ots.at/pressemappe/33715/aom
Rückfragen & Kontakt:
For further information, please contact:
Mayr-Melnhof Karton AG
Brahmsplatz 6, A-1040 Vienna, Austria
Tel.: (+43/1) 50136 – 91180
Fax: (+43/1) 50136 – 91195
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