Smurfit Kappa Group plc announced that it has signed an unsecured €1,350 million revolving credit facility (RCF) with 21 of its existing relationship banks. The facility has an initial five-year term and may, subject to bank consent, be extended up to a maximum of seven years at SKG’s request. The new RCF will refinance the Group’s existing senior credit facility which matures in March 2020. As a continuation of SKG’s financing strategy, the new facility further streamlines the Group’s capital structure by facilitating the concurrent release of substantially all of its subsidiary guarantees across all of the Group’s senior debt funding arrangements including its senior notes, consistent with typical large corporates of similar scale and credit profile.