Clearwater International advises Mayr-Melnhof on €110m debt financing

Clearwater International acted as sole financial adviser to the Mayr-Melnhof Group on the structuring of senior unsecured notes with a volume of €110m, provided by seven international insurance companies.

On behalf of Mayr-Melnhof Group, Clearwater International has set up a competitive financing process with several international insurance companies in order to structure long term financing for the group’s main operating divisions. In course of this process, a group of seven international insurance companies was selected to enter into final credit negotiations. Finally, Mayr-Melnhof Group agreed with these insurance companies on financing agreements with a tenor of ten and twelve years and a total volume of €110m at very favourable conditions.

The Austrian Mayr-Melnhof Group, listed on the Vienna stock exchange, is active in the production of paper and packaging solutions for different industries including food, tobacco and consumer goods industry. The group is divided into two independent operating divisions. MM Karton is the largest producer of coated recycled fiber-based cartonboard worldwide with a growing position in virgin fiber-based cartonboard, MM Packaging is the leading European producer of folding cartons with an increasing presence outside of Europe. With about 9,500 employees, Mayr-Melnhof Group generates sales of approximately €2.0bn (2013).

  • Image of Mayr-Melnhof Group Company Logo
    structured senior unsecured notes
    Image of a consortium of seven international insurance companies Company Logo
    Financing
    €110m
    Clearwater Advisers

    Adviser to Mayr-Melnhof Group on structuring senior unsecured notes a consortium of seven international insurance companies

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Clearwater Advisers