Go to
Share price EUR 168,60 17:35 GMT 24.09.2021
Newsroom

Mayr-Melnhof Group successfully places one billion EUR Schuldschein loan

Funds will be used to finance acquisitions and organic growth projects

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."

Get in contact with our press department!

We look forward to your message and always seek a prompt answer.

Contact Us
To the main navigation
Cookie settings

This website uses cookies to give you the best possible service. By using this website, you agree to the use of cookies. Detailed information can be found in our privacy policy.

Technically necessary

These cookies are necessary for the functionality of our website (e.g. security-related aspects)

Statistics

Cookies that are used to create anonymised statistics and analysis and thus improve the website.

Personalization

These cookies are used to show you personalized content that matches your interests.