1. Smurfit Kappa Might Float IPO.
- Subjects
GOING public (Securities) ,FINANCIAL planning ,PAPERBOARD industry ,CORRUGATED paperboard ,PACKAGING industry ,FINANCE - Abstract
The article focuses on the plan by European corrugated paperboard company Smurfit Kappa Group Ltd. to issue an initial public offering (IPO) valuing the company between $5.7 billion and $7 billion. The company is seeking lender approval to amend the terms of the IPO plan. Relevant to the execution of IPO plan, the company is expected to pay down $5.5 billion in debt and give private equity investors an opportunity to exit the company structure.
- Published
- 2007