Huhtamäki Oyj has priced EUR 300 million of notes under its EMTN Programme
HUHTAMÄKI OYJ PRESS RELEASE 28.8.2025 AT 18:40 (EEST)
NOT FOR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE "UNITED STATES") OR TO ANY U.S. PERSON OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
Huhtamäki Oyj has priced EUR 300 million of senior unsecured notes (the "Notes") under its Euro Medium Term Note Programme on August 28, 2025 to be issued on September 4, 2025. The 6-year Notes will mature on September 4, 2031 and bear interest at the rate of 3.50 per cent per annum.
The Notes were allocated to approximately 90 investors. Huhtamäki Oyj will apply for the listing of the Notes on the official list of Euronext Dublin and to trading on Euronext Dublin's regulated market. Huhtamäki Oyj will use the net proceeds from the issue of the Notes for refinancing of existing indebtedness, including financing the tender offers for its outstanding EUR 175 million 1.125% Notes due November 20, 2026 (ISIN: FI4000410915) and its outstanding EUR 500 million 4.250% Notes due June 9, 2027 (ISIN: FI4000523550) announced on August 25, 2025, and general corporate purposes of the Group, which may include the repayment of existing facilities granted by some or all of the Joint Lead Managers.
BNP PARIBAS, J.P. Morgan SE, OP Corporate Bank plc and Skandinaviska Enskilda Banken AB (publ) acted as joint lead managers for the transaction.
For further information, please contact:
Tom Erander, Vice President, Treasury, tel. +358 10 686 7893
HUHTAMÄKI OYJ
Global Communications
About Huhtamaki
Huhtamaki is a leading global provider of sustainable packaging solutions for consumers around the world. Our innovative products protect on-the-go and on-the-shelf food and beverages, and personal care products, ensuring hygiene and safety, driving accessibility and affordability, and helping prevent food waste. We embed sustainability in everything we do.
Huhtamaki has over 100 years of history and a strong Nordic heritage. Our around 18,000 professionals are operating in 36 countries and 101 locations around the world. Our values are Care Dare Deliver. In 2024 Huhtamaki's net sales totaled EUR 4.1 billion. Huhtamäki Oyj is listed on the Nasdaq Helsinki and the head office is in Espoo, Finland. Find out more at?www.huhtamaki.com.
Disclaimer - Intended Addressees
The base prospectus dated August 21, 2025 in respect of the Euro Medium Term Note Programme. The final terms in respect of the Notes.
Please note that the information contained in this announcement and the Final Terms may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Base Prospectus) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Final Terms is not addressed. Prior to relying on the information contained in this announcement, the Final Terms and the Base Prospectus you must ascertain from the Final Terms and the Base Prospectus whether or not you are part of the intended addressees of the information contained therein.
This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy, securities to any person in the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The Notes have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "Securities Act"), or under any relevant securities laws of any state of the US and are subject to US tax law requirements. Subject to certain exceptions, the securities may not be offered or sold directly or indirectly within the US or to, or for the account or benefit of, US persons or to persons within the US, as such terms are defined in Regulation S under the Securities Act. Any forwarding, distribution or reproduction of this announcement, the Final Terms or the Base Prospectus in whole or in part is prohibited. Failure to comply with this notice may result in a violation of the Securities Act or the applicable laws of other jurisdictions. There will be no public offering of the securities in the United States.
In addition, in the United Kingdom, this announcement, the Final Terms and the Base Prospectus are being distributed only to and is directed only at persons who are "qualified investors" within the meaning of Regulation (EU) 2017/1129 as it forms part of UK law and that are also: (a) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), (b) high net worth entities falling within Article 49 of the Order and (c) other persons to whom they may otherwise lawfully be communicated under the Order (all such persons together referred to as "relevant persons"). In member states of the European Economic Area (the "EEA"), this announcement, the Final Terms and the Base Prospectus are directed only at persons who are "qualified investors" within the meaning of Regulation (EU) 2017/1129. Any investment or investment activity in respect of the Notes is available only (i) in the United Kingdom, to relevant persons and (ii) in the EEA, to qualified investors, and will be engaged in only with such persons in respect of each of (i) and (ii) herein.
UK MiFIR /MiFID II - professionals/ECPs-only / No PRIIPs or UK PRIIPs KID - Manufacturer target market (UK MiFIR /MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs or UK PRIIPs key information document (KID) has been or will be prepared. No sales to UK or EEA retail investors.
