EANS-News: Mayr-Melnhof Group successfully places one billion EUR Schuldschein loan
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Funds will be used to finance acquisitions and organic growth projects
Financing
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."
Further inquiry note:
For further information, please contact:
Stephan Sweerts-Sporck
Investor Relations
Mayr-Melnhof Karton AG
Brahmsplatz 6, A-1040 Vienna, Austria
Tel.: (+43/1) 50136 ? 91180
Fax: (+43/1) 50136 ? 91195
e-mail: investor.relations@mm-karton.com
end of announcement euro adhoc
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issuer: Mayr-Melnhof Karton AG
Brahmsplatz 6
A-1040 Wien
phone: +43 1 50 136
FAX:
mail: investor.relations@mm-karton.at
WWW: www.mayr-melnhof.com
ISIN: AT0000938204
indexes: ATX, ATX PRIME
stockmarkets: Wien
language: English