SIG ANNOUNCES DEBT REFINANCING Freitag, 12. Juni 2020 - 07:10

SIG Combibloc PurchaseCo S.à r.l. (the “Issuer”), a subsidiary of SIG, has completed the pricing of €450 million Senior Unsecured Notes due 2023 at a coupon of 1.875% per annum and €550 million Senior Unsecured Notes due 2025 at a coupon of 2.125% per annum (collectively, the “Notes”). Certain subsidiaries of SIG, including the Issuer, have also entered into new sustainability-linked loan facilities (comprising a €550 million term loan facility and a €300m revolving credit facility) priced at Euribor+100bps, which were preplaced with a broad range of relationship and investment banks in March 2020. The net proceeds from the Notes and the facilities will be used to fully refinance SIG’s existing €1,250m million Term Loan A, €350 million Term Loan B and €300 million revolving credit facility. The offering of the Notes is expected to close and the Notes are expected to be issued on or around 18 June 2020.

SIG has corporate and bond ratings of BBB- from S&P and Ba2 from Moody’s. It has an AA ESG rating by MSCI, an 18.8 (low risk) score by Sustainalytics and a Platinum CSR rating by EcoVadis.

Samuel Sigrist, CFO of SIG, commented: “We are very pleased with the market reception of our first bond issue since our IPO in 2018. The issuance will allow us to benefit from a fully unsecured capital structure, while extending our debt maturity profile. The attractive pricing demonstrates investor recognition of our resilient business model, proven growth strategy and leading sustainability profile. The loan facilities which are part of this re-financing are linked to our ambitious sustainability targets, including an ongoing reduction in greenhouse gas emissions and further increases in our score from EcoVadis, where we already have a Platinum rating.”

Investor contact:

Jennifer Gough
+41 52 674 6508
Director Investor Relations
SIG Combibloc Group AG
Neuhausen am Rheinfall, Switzerland
jennifer.gough@sig.biz