221 0 Kommentare WestRock Announces Results of Consent Solicitation

WestRock Company (“WestRock”) today announced the results of the consent solicitation through which its wholly-owned subsidiary WRKCo Inc. (the “Issuer”) solicited consents (“Consents”) from registered holders (“Holders”) of the Notes (the “Consent Solicitation”) to amend certain terms of the indentures governing the respective Notes (each, an “Indenture” and together, the “Indentures”). Adoption of the proposed amendments with respect to the applicable Indenture for each series of Notes requires the Consent of the Holders of at least a majority in aggregate principal amount of the then outstanding Notes of such series.

The Consent Solicitation expired at 5:00 P.M., New York time, on September 26, 2023 (the “Expiration Time”). As of the Expiration Time, the Issuer had received Consents from Holders of the majority in aggregate principal amount of the outstanding Notes of each series. As a result, supplemental indentures reflecting the proposed amendments with respect to the applicable Indenture for each series of Notes were executed on September [26], 2023.

In addition, revocation rights with respect to each series of Notes were terminated at [5:00] P.M., New York time, on September [26], 2023 (the “Revocation Deadline”). A Holder who delivered a valid Consent for a series of Notes prior to the Expiration Time and did not validly revoke such Consent prior to the Revocation Deadline, will receive a payment equal to $1.50 per $1,000 aggregate principal amount of the relevant series of Notes with respect to which such Consent was delivered (the “Consent Payment”). Holders who validly delivered their Consents prior to the Expiration Time but who validly revoked their Consents prior to the Revocation Deadline will not receive the Consent Payment unless they validly delivered their Consents again prior to such Expiration Time and did not validly revoke their Consents again prior to the Revocation Deadline. The Consent Payment is expected to be paid on September [28], 2023 by Smurfit Kappa Group plc (“SKG”).

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Citigroup Global Markets Inc. acted as solicitation agent and Kroll Issuer Services Limited acted as tabulation agent and information agent for the Consent Solicitation. Requests for documents may be directed to Kroll Issuer Services Limited at +44 20 7704 0880 or by email to smurfit@is.kroll.com. Questions regarding the Consent Solicitation may be directed to Citigroup Global Markets Inc. at +1 (800) 558-3745 or by email to ny.liabilitymanagement@citi.com.

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