Sappi calls 6 5/8% senior secured notes due 2021 for redemption

New York, March 14 – Sappi Papier Holding GmbH announced that it will redeem all of its outstanding 6 5/8% senior secured notes due 2021.

The securities will be repaid on April 15 at a price of 103.313 plus accrued interest up to the redemption date, according to a notice.

Completion of the redemption is subject to the company carrying out a financing that raises sufficient funds to redeem the notes.

Sappi Papier Holding is a Vienna-based subsidiary of Sappi Ltd., which makes coated fine paper and is based in Johannesburg.

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