# Sappi has announced a 5.5-billion-rand senior notes offering, set to mature in 2032. Issued by its subsidiary, Sappi Papier Holding, the notes aim to improve the company’s debt maturity profile. Proceeds will be used to redeem 4.4-billion-rand in outstanding senior notes due next year, and for general corporate purposes. The offering is exempt from US Securities Act registration.
Sappi issues R5.5-billion senior notes to refinance debt