North America

If there is something that the last few lockdown months have taught many of us, is that we need to make 'Time for Nature'. We have marvelled as the planet has taken a breather along with her inhabitants and has rejuvenated herself, as we have rediscovered the abundance that she has to offer. It is why it is so apt that it is the theme for this year’s World Environment Day.

Sappi has decided not to proceed with the proposed offering of €250 million senior notes at this time due to unsatisfactory market conditions. Sappi has a long history of prudent and proactive balance sheet management.

Sappi, a leading diversified woodfibre company, has published an informational document on its website with further information about the Company and its consolidated subsidiaries (the “Sappi Group”). The information is available as of today at the following address: https://www.sappi.com/

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.

Commenting on the quarter’s result, Binnie said: “I am very pleased with the strong packaging and specialities performance which saw EBITDA contribution almost double. I am also pleased with the solid results in the graphics paper segment, as well as the significant increase in market share across both segments. Despite these strong performances, the results were negatively impacted due to the historic low dissolving pulp (DP) prices, and reduced DP sales volumes.”

Company continues to set proactive sustainability standards with latest launch.

Today, Sappi joins the world in celebrating the 50th anniversary of Earth Day and in honouring the theme of climate action.

Learn how trees fight climate change.

Leading paper and packaging supplier highlights collaborative results in annual report.