Huhtamäki Oyj issues 500 million euros related to sustainability

HUHTAMÄKI OYJ, STOCK MARKET RELEASE, 1.6.2022 AT 6:45 PM (EEST)

Huhtamäki Oyj issues €500 million sustainability bond

NOT TO BROADCAST, PUBLISH OR DISTRIBUTE IN WHOLE OR PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE ILLEGAL.

Huhtamäki Oyj issues €500 million senior unsecured sustainability bond. The 5-year sustainability bond matures on June 9, 2027 and bears interest at the rate of 4.25% per annum, which is subject to an increased rate in the event of failure to meet certain sustainability performance targets. of durability.

The bond issue was awarded to more than 100 investors. Huhtamäki Oyj will apply for inclusion of the bond on the official list of sustainable bonds of Nasdaq Helsinki Ltd. The sustainability bond represents Huhtamaki’s first issuance under its new sustainability bond framework. It allows Huhtamaki to tie sustainability to its funding. cost and thereby encourage the achievement of its 2030 sustainability agenda. The targets chosen for the sustainability bond are linked to greenhouse gas reductions. Huhtamaki will use the proceeds from the bond issuance to refinance its $500 million bridge loan and for general group purposes.

BNP Paribas, Citigroup Global Markets Limited, Nordea Bank Abp and Skandinaviska Enskilda Banken AB (publ) acted as co-managers for the transaction.

For more information, please contact:
Tom Erander, Vice President, Treasury, tel. +358 (0)10 686 7893

Huhtamaki Oyj
Global communications

About Huhtamaki
Huhtamaki is a key global provider of sustainable packaging solutions for consumers around the world, promoting well-being and convenience. Our innovative products protect food and drink on the go and on the shelf, ensuring hygiene and safety, promoting accessibility and affordability and helping to prevent food waste. We embed sustainability in everything we do. We are committed to achieving carbon neutral production and designing all of our products to be recyclable, compostable or reusable by 2030.

We participate in the United Nations Global Compact and EcoVadis awarded Huhtamaki the Gold Medal for its sustainability performance. To play our part in managing climate change, we have set science-based targets that have been endorsed and validated by the Science-Based Targets initiative.

With 100 years of history and a strong Nordic heritage, we operate in 38 countries and 114 operating locations around the world. Our Care Dare Deliver values ​​guide our decisions and help our team of 19,800 employees make a difference where it counts. Our net sales in 2021 amounted to 3.6 billion euros. The Huhtamaki Group is headquartered in Espoo, Finland, and our parent company, Huhtamäki Oyj, is listed on Nasdaq Helsinki Ltd. Discover how we protect food, people and the planet on www.huhtamaki.com.

Important Information

The information contained herein is not intended for release, publication or distribution, in whole or in part, directly or indirectly, in the United States, Australia, Canada, Hong Kong, Japan, New Zealand , Singapore, South Africa or other countries. or otherwise in such circumstances in which the broadcast, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of the bond in any jurisdiction in which such offer, solicitation or sale would be illegal prior to registration, exemption from registration or qualification under the securities laws of such jurisdiction. Neither Huhtamaki, BNP Paribas, Citigroup Global Markets Limited, Nordea Bank Abp or Skandinaviska Enskilda Banken AB (publ) nor their representatives accept any legal responsibility for any breach by any person, whether or not persons intending to investing or disposing of Huhtamaki’s securities, including the surety, whether or not they are aware of these restrictions.

This communication does not constitute an offer of securities for sale in the United States. The Bond has not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Law”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, in the United States or to, or for the account or benefit of, United States persons, except under an applicable exemption or in connection with a transaction not subject to the registration requirements of the Securities Act.

This communication does not constitute an offer of the link to the public in the United Kingdom. No prospectus has been or will be approved in the UK for the bond. Accordingly, this communication is directed only to (i) persons who are located outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order“), (iii) the heritage entities covered by Article 49, paragraph 2, of the Ordinance and (iv) the other persons to whom it may lawfully be communicated (all of these persons being referred to as “persons concerned”). Furthermore, this communication is, in any event, only intended for persons who are “qualified investors” within the meaning of the Prospectus Regulation (2017/1129, as amended). Any investment activity to which this communication relates will only be available and engaged with relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents.

Comments are closed.