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Fitch assigns Smurfit Kappa Treasury notes BB+
Fitch Ratings said it assigned Smurfit Kappa Treasury Unlimited Co.’s €750 million bond due 2027 a senior unsecured rating of BB+. The senior unsecured rating is aligned with the long-term issuer default rating of parent Smurfit Kappa Group plc.
Proceeds will be used to repay the outstanding €250 million notes due 2020 as well as €500 million of the notes due 2021.
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