Statement re Revolving Credit Facility

Statement re Revolving Credit Facility

Smurfit Kappa Group PLC

Signing of €1,350 million Revolving Credit Facility

SKG:ID SKG:LN

Dublin, London, 29 January, 2019: Smurfit Kappa Group plc (‘SKG’ or the “Group”) is pleased to announce that it has signed an unsecured €1,350 million revolving credit facility (“RCF”) with 21 of its existing relationship banks. The facility has an initial five-year term and may, subject to bank consent, be extended up to a maximum of seven years at SKG’s request. The new RCF will refinance the Group’s existing senior credit facility which matures in March 2020.

As a continuation of SKG’s financing strategy, the new facility further streamlines the Group’s capital structure by facilitating the concurrent release of substantially all of its subsidiary guarantees across all of the Group’s senior debt funding arrangements including its senior notes, consistent with typical large corporates of similar scale and credit profile.

Ken Bowles, Group Chief Financial Officer, commented, "We are very pleased to have arranged this facility which reflects the continuing strong support of our relationship banks for the Group and our strategic direction. This transaction is a continuation of our proactive financing strategy to reduce the cost and extend the term of our debt facilities while increasing the flexibility of our capital structure."

ENDS

Contact
Garrett Quinn Smurfit Kappa Group T: [phone] E: [e-mail]		FTI Consulting T: [phone] E: [e-mail]

About Smurfit Kappa

Smurfit Kappa, a FTSE 100 company, is one of the leading providers of paper-based packaging solutions in the world, with around 45,000 employees in approximately 350 production sites across 34 countries and with revenue of €8.6 billion in 2017. We are located in 22 countries in Europe, and 12 in the Americas. We are the only large-scale pan-regional player in Latin America.

With our pro-active 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-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.

Our products, which are 100% renewable and produced sustainably, improve the environmental footprint of our customers.

Check out our microsite openthefuture.info. Follow us on Twitter at @smurfitkappa and on LinkedIn at ‘Smurfit Kappa’.

smurfitkappa.com

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