Sappi offers €350m senior secured notes

14th March 2016 By: Creamer Media Reporter

Sappi offers €350m senior secured notes

Photo by: Duane Daws

Pulp and paper manufacturer Sappi on Monday announced a €350-million senior secured notes offering, due 2023.

The notes would be issued by subsidiary Sappi Papier, with the proceeds to be used to redeem the subsidiary’s outstanding $350-million senior secured notes, due 2021.