BRIEF-Sappi Announces €250 Million Senior Notes Offering

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BRIEF-Sappi Announces €250 Million Senior Notes Offering
Credit: © Reuters.

May 14 (Reuters) - Sappi Ltd SAPJ.J :

* JSE: SAP - SAPPI ANNOUNCES €250 MILLION SENIOR NOTES OFFERING

* SAPPI LTD - NOTES WILL BE ISSUED BY SAPPI PAPIER HOLDING GMBH, A SUBSIDIARY OF SAPPI LIMITED

* SAPPI LTD - COMPANY IS IMPLEMENTING OFFERING IN ORDER TO STRENGTHEN ITS LIQUIDITY HEADROOM AND BALANCE SHEET

* SAPPI LTD - NET PROCEEDS FROM OFFERING WILL BE USED FOR GENERAL CORPORATE PURPOSES

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