FinanceDublin.com - <b>Deals of the Year 2025: </b>$13bn worth of orders for Smurfit Kappa’s $2.75bn Green Bond

Proceeds of the triple tranche bond offering were used to fund the cash consideration element of Smurfit Kappa’s merger with WestRock, which created one of the world’s largest packaging companies, and for general corporate purposes including the repayment of existing indebtedness. An amount equivalent to the proceeds of the bond were used to finance or refinance a portfolio of eligible assets and expenditures in accordance with Smurfit Kappa’s Green Finance Framework.

In March 2025, ahead of its record breaking merger with WestRock, Smurfit Kappa announced a long 5-year, 10-year and 30-year a triple tranche green bond offering at IPTs of Treasuries +125bps/+145bps/+165bps respectively, with proceeds of the transaction being used to fund the cash consideration related to the combination with WestRock, associated costs and general corporate purposes including the repayment of indebtedness. An amount equivalent to the proceeds of the offering is used to finance ....

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