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Results found that there is limited damage to the paper machine itself with the MG cylinder being found to be undamaged. The focus of the damage was to the machine hall, particularly to the mezzanine ceiling and the roof of which both are currently undergoing repairs ahead of production being restarted. The PM is planned to restart production in week 31 (Week beginning July 27th) and paper deliveries expected to commence from the beginning of August.

Sappi Limited today announced the offering of €250 million aggregate principal amount of senior notes due 2025, in an offering that is exempt from the registration requirements of the U.S. Securities Act of 1933, as amended (the “Securities Act”). The notes will be issued by Sappi Papier Holding GmbH, a subsidiary of Sappi Limited. The Company is implementing this offering in order to strengthen its liquidity headroom and balance sheet. The net proceeds from this offering will be used for general corporate purposes.

In the early evening on the 12th of May Sappi Europe’s Alfeld Mill site, situated in Germany, reported a fire around the area of its paper machine 3.

As the demand for a cleaner planet grows among consumers, so does the emphasis on innovation. The call for sustainable solutions has never been higher. That’s why Sappi is constantly evolving to help its customers with future-oriented circular solutions.