Sappi Ltd.
Sappi Ltd announces Multi-currency release
Ad hoc announcement §15 WpHG
Sappi Ltd announces Multi-currency release
Sappi Ltd announces Multi-currency release
Ad hoc announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Sappi Limited
Press Release
Johannesburg, 5 July 2005
Sappi Closes a New EUR600 Million Multi-currency Revolving Credit Facility
Sappi Limited is pleased to announce the successful completion of its new EUR
600,000,000 Multi-currency Revolving Credit Facility (the “Facility”). The
purpose of the Facility is to refinance an existing revolving facility as well
as for general corporate purposes. The Facility was significantly
over-subscribed.
Commenting on the new Facility Don Wilson, Executive Director – Finance, Sappi
Limited, said “The successful completion of the new Facility confirms the
market’s long-term belief in and support of our industry. Sappi has once again
demonstrated its ability to access debt markets on competitive terms; the
margins we have negotiated are more favourable than our existing facility. We
now have in place a well-structured suite of financing with an excellent
maturity profile, with our average term of debt now exceeding 8 years. ”
BNP Paribas, J.P. Morgan plc and SG Corporate & Investment Banking acted as
Mandated Lead Arrangers and Book runners.
Issued by:
Brunswick South Africa Limited
on behalf of Sappi Limited
Roderick Cameron/Nonhlanhla Kumalo
Tel +27 (0)11 268 5750
For further information:
Don Wilson
Executive Director – Finance
Sappi Limited
Tel +27 (0)11 407 8041
Don.Wilson@sappi.com
Sappi Ld.
48 Ameshoff Street, Sappi House, Braamfontein
2001 Johannesburg
South Africa
ISIN: ZAE000006284; DE0008843004, US8030692029
WKN: 860275; 884300, 921789
Listed: Amtlicher Markt Frankfurt (General Standard / Dt. Zertifikate),
Freiverkehr in Berlin-Bremen und Stuttgart; JSE Securities Exchange, NYSE,
London Stock Exchange
End of ad hoc announcement (c)DGAP 05.07.2005
051631 Jul 05
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