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Sappi issues €300m senior notes to refinance debt

3rd March 2025

By: Darren Parker

Creamer Media Senior Contributing Editor Online

     

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Global renewable resource company Sappi has announced the offering of €300-million aggregate principal amount of senior notes due in 2032, in an offering that is exempt from the registration requirements of the US Securities Act.

The notes will be issued by Sappi Papier Holding (SPH), a subsidiary of Sappi. The company is implementing this offering to improve its debt maturity profile, it said on March 3.

The net proceeds from the offering will be used to redeem all of SPH’s outstanding senior notes due next year, in an aggregate principal amount of €240-million, and for general corporate purposes.

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Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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