April 27, 2016
AR PACKAGING TO REDEEM ALL OUTSTANDING BONDS
ÅR Packaging Group AB has, in connection with the entering into of a EUR 160 million term and multicurrency revolving facilities agreement with a five year tenure dated April 26, 2016, elected to exercise its option for early redemption in full of its currently outstanding bonds*. The record date for redemption of the bonds is May 23, 2016.
The redemption of the bonds is expected to occur on May 30, 2016. The redemption amount will be established in connection with the redemption date.
* 2013/2017 EURIBOR plus 5.75% senior secured bonds with ISIN SE0005224029
For further information please contact:
Niclas Nyström, CFO of AR Packaging, phone +46 40 661 56 64
The information contained in this press release is such information that ÅR Packaging Group AB is required to publish in accordance with the Swedish Securities Market Act (2007:528) and/or the Swedish Financial Instruments Trading Act (1991:980). The information was submitted for publication on April 27, 2016, at 5:30 pm CET.
AR Packaging is one of Europe's leading companies in the packaging sector with net sales of approximately 560 MEUR (pro forma 2015) and 2 200 employees in 17 factories in nine countries. The head office is situated in Lund, Sweden. AR Packaging was formed in 2011 as a merger of A&R Carton, one of Europe's leading carton board packaging groups and Flextrus, a leader in northern Europe within flexible packaging. The group creates added value to customers by a broad product offering and deep knowledge of packaging. AR Packaging has an objective to grow both organically and by way of acquisitions.