Mayr-Melnhof Group successfully places one billion EUR Schuldschein loan

01.03.2021, 1732 Zeichen

Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
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."
end of announcement euro adhoc
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
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