DS Smith Prices Debt Issuance

DS Smith plc, the leading supplier of sustainable packaging, today announces that it has successfully launched and priced EUR600,000,000 Notes due 12 September 2026 with a coupon of 0.875% pursuant to its Euro Medium Term Note Programme.

The closing of the sale of the Notes is scheduled to be completed on 12th September 2019 and is subject to customary conditions.

The Company intends to use the net proceeds from the offering to extend the tenor of DS Smith Group's borrowings.