BillerudKorsnäs issues SEK 1 700 million in bonds

2017-02-14 17:00

BillerudKorsnäs has today successfully issued two bonds with a total nominal value of
SEK 1 700 million. The bonds have a maturity of 5 years and fall due on 21 February 2022. The fixed rate tranche of SEK 250 million pays a fixed coupon of 1.625% and the floating rate tranche of
SEK 1 450 million pays a floating coupon of three months STIBOR + 1.30%.

The issue was made under the Medium Term Note program established in 2013. The program, with a limit of SEK 5 000 million has a total outstanding volume of SEK 3 500 million after the new issue.

The bond issue was made to support the largest investment in the history of BillerudKorsnäs, a new board machine at the Gruvön site. The new board machine will enable the company to serve the growing demand for sustainable packaging solutions for food and beverages globally.

Handelsbanken Capital Markets and SEB were Joint Bookrunners on the transaction. The bonds will be listed on NASDAQ OMX Stockholm.

For further information, please contact:

Per Norman, Group Treasurer, +46 (0)8 553 335 41
Susanne Lithander, CFO, +46 (0)8 553 335 00

This information constituted inside information before publication. This is information that BillerudKorsnäs AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 17.00 CET on 14 February 2017.

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Last updated: 2017-02-14