| Fri 15 Apr 2011, 8:00 | | MND/MNP - Mondi Limited/Mondi plc - Mondi signs new Euro750 million revolving |
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MND MNP
MND MNP
MND/MNP - Mondi Limited/Mondi plc - Mondi signs new Euro750 million revolving
credit facility
Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000097051
Mondi plc
(Incorporated in England and Wales)
(Registration number: 6209386)
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI
As part of the dual listed company structure, Mondi Limited and Mondi plc
(together `Mondi Group`) notify both the JSE Limited and the London Stock
Exchange of matters required to be disclosed under the JSE Listings Requirements
and/or the Disclosure and Transparency and Listing Rules of the United Kingdom
Listing Authority.
MONDI signs new Euro750 million revolving credit facility
Mondi is pleased to announce the signing of a new Euro750 million, 5-year
revolving multicurrency credit facility to refinance its existing Euro1.55
billion credit facility that was due to mature in June 2012. This completes the
refinancing of its Euro1.55 billion facility that was partially refinanced via
Mondi`s inaugural Euro500 million 7 year Eurobond in March 2010.
The facility was self-arranged with a club of 10 relationship banks. The
Mandated Lead Arrangers are : Barclays Capital, BNP Paribas, Citi, Commerzbank
AG, Deutsche Bank AG, Erste Group Bank AG, Societe Generale Corporate &
Investment Banking, Raiffeisen Bank International AG, The Royal Bank of Scotland
plc and UniCredit.
Andrew King, Mondi`s Chief Financial Officer, said:
"We are delighted with the confidence shown in the Mondi Group by our
relationship banks through this new facility. The success of this transaction
further strengthens the Group by extending our debt maturity profile and
provides us with additional financial flexibility."
Contact details:
James Paterson
Group Treasurer
Tel: +44 (0)1932 826340
E-mail: james.paterson@mondigroup.com
Andrew King
Group CFO
Tel: +27 (0)11 994 5415 or +27 (0)82 870 8100
E-mail: andrew.king@mondigroup.com
Editors` notes
About Mondi:
Mondi is an international paper and packaging Group, with production operations
across 31 countries and revenues of Euro6.2 billion in 2010. The Group`s key
operations are located in central Europe, Russia and South Africa and as at the
end of 2010, Mondi employed 29,000 people.
Mondi is fully integrated across the paper and packaging process, from the
growing of wood and the manufacture of pulp and paper (including recycled
paper), to the conversion of packaging papers into corrugated packaging,
industrial bags and coatings.
The Group is principally involved in the manufacture of packaging paper,
converted packaging products and uncoated fine paper (UFP).
Mondi has a dual listed company structure, with a primary listing on the JSE
Limited for Mondi Limited under the ticker code MND and a premium listing on the
London Stock Exchange for Mondi plc, under the ticker code MNDI. The Group has
been recognised for its sustainability through its inclusion in the FTSE4Good
UK, Europe and Global indices in 2008, 2009 and 2010 and the JSE`s Socially
Responsible Investment (SRI) Index in 2007, 2008, 2009 and 2010.
15 April 2011
Sponsor: UBS South Africa (Pty) Ltd
Date: 15/04/2011 08:00:07 Produced by the JSE SENS Department.
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