CCL Industries Inc. Announces US$600 Million Offering of 3.050% Notes due 2030

Nachrichtenquelle: globenewswire
27.05.2020, 22:30  |  110   |   |   

TORONTO, May 27, 2020 (GLOBE NEWSWIRE) -- CCL Industries Inc. (“CCL”) (TSX:CCL.A) (TSX:CCL.B), a world leader in specialty label and packaging solutions for global corporations, small businesses and consumers, announced today that it is proceeding with and has priced an offering of US$600 million aggregate principal amount of 3.050% notes due 2030. The notes will be CCL’s unsecured senior obligations and will initially be guaranteed by CCL’s wholly-owned subsidiaries, CCL Industries Corporation and CCL Industries (U.K.) Limited. 

CCL intends to use the proceeds from the offering to repay amounts owed under its revolving credit facility and for general corporate purposes. The offering is expected to close on June 1, 2020, subject to customary closing conditions.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities. The notes were offered in a private placement in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and outside the United States only to non-U.S. investors pursuant to Regulation S under the Securities Act. The notes have not been registered under the Securities Act or the securities laws of any jurisdiction and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.

Forward-looking Statements

This press release contains forward-looking information and forward-looking statements (hereinafter collectively referred to as “forward-looking statements”), as defined under applicable securities laws, that involve a number of risks and uncertainties. Forward-looking statements include all statements that are predictive in nature or depend on future events or conditions. Forward-looking statements in this press release include statements concerning the expected proceeds from the offering of the notes, the closing of the offering, including the timing thereof, and the intended use of proceeds.

Forward-looking statements are not guarantees of future performance. They involve known and unknown risks and uncertainties relating to future events and conditions including, but not limited to, the adverse impact of the novel coronavirus COVID-19 pandemic on our business, employees, customers and suppliers and on the global economy and financial markets; general economic and geopolitical conditions; fluctuations in currency exchange rates and interest rates; changes in credit availability; and unexpected expenses involved in the offering of the notes. Do not unduly rely on forward-looking statements as CCL’s actual results could differ materially from those anticipated in these forward-looking statements. Forward-looking statements are also based on a number of assumptions, which may prove to be incorrect, including, but not limited to, assumptions about the following: the continued availability of capital; fluctuations of currency exchange rates and interest rates; and general business, economic and capital market conditions. Should one or more risks materialize or should any assumptions prove incorrect, then actual results could vary materially from those expressed or implied in the forward-looking statements. Further details on key risks can be found in the Management’s Discussion and Analysis section of CCL’s 2019 Annual Report, particularly under Section 4: “Risks and Uncertainties.” CCL’s annual and quarterly reports can be found online at www.sedar.com or are available upon request.

Seite 1 von 3
CCL Industries Registered (A) Aktie jetzt ab 0€ handeln - auf Smartbroker.de



Diesen Artikel teilen

0 Kommentare

Schreibe Deinen Kommentar

Bitte melden Sie sich an, um zu kommentieren. Anmelden | Registrieren

 

Disclaimer

Meistgelesene Nachrichten des Autors

Titel
Titel
Titel
Titel