AI English summary of an SEC filing — figures as filed

Smurfit Westrock said on November 26, 2024 that its subsidiary Smurfit Westrock Financing Designated Activity Company issued $850 million of 5.418% senior notes due 2035.

8-KEntry into a Material Definitive AgreementFiled Nov 27, 2024Period of report Nov 26, 2024Summary published (UTC) Oct 29, 2026

Key points

AI summary

Smurfit Westrock said on November 26, 2024 that its subsidiary Smurfit Westrock Financing Designated Activity Company issued $850 million of 5.418% senior notes due 2035.
The company said on November 27, 2024 that its subsidiary Smurfit Kappa Treasury Unlimited Company issued €600 million of 3.454% senior notes due 2032 and 3.807% senior notes due 2036.
The company said it plans to use the net proceeds to redeem in full WRKCo's 4.650% senior notes $750 million and Smurfit Kappa Acquisitions Unlimited Company's 2.875% senior notes €1,000 million, and for general corporate purposes, including repaying debt.
The company said on November 21, 2024 that WRKCo amended and restated its unsecured commercial paper program to add the USD issuer as a guarantor, and that the other terms of the program are identical to those in the version amended on July 5, 2024.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

$850 million USD Senior Notes Offering

Smurfit Westrock said on November 26, 2024 that its subsidiary Smurfit Westrock Financing Designated Activity Company issued $850 million of 5.418% senior notes due 2035.

Source · Based on the filing body and exhibits

€600 million Dual-Tranche Euro Bond Offering

The company said on November 27, 2024 that its subsidiary Smurfit Kappa Treasury Unlimited Company issued €600 million of 3.454% senior notes due 2032 and 3.807% senior notes due 2036.

Source · Based on the filing body and exhibits

Plan to Redeem 2026 Notes With Offering Proceeds

The company said it plans to use the net proceeds to redeem in full WRKCo's 4.650% senior notes $750 million and Smurfit Kappa Acquisitions Unlimited Company's 2.875% senior notes €1,000 million, and for general corporate purposes, including repaying debt.

Source · Based on the filing body and exhibits

WRKCo Commercial Paper Program Adds Guarantor

The company said on November 21, 2024 that WRKCo amended and restated its unsecured commercial paper program to add the USD issuer as a guarantor, and that the other terms of the program are identical to those in the version amended on July 5, 2024.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.