Macfarlane Packaging

Macfarlane Group will issue 10,000,000 new ordinary shares in a private placement to raise £5.8m ($7.61m) in order to fund its acquisition of Nelsons.

The shares are priced at £0.58m ($0.761m), with each representing a discount of around 4.1% to the closing price on 25 July.

The transaction is expected to be completed by the end of July.

Unilever will issue five-year senior notes bearing an interest rate of 1.375% through its debt-issuing vehicle to Unilever Capital Corporation to secure $550m.

The notes will be issued in a public offering and have been priced at 99.204% of the principal amount.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The FMCG company announced the offering on 25 July and expected to close it on 28 July.

"Macfarlane Group will issue 10,000,000 new ordinary shares in a private placement to raise £5.8m ($7.61m) in order to fund its acquisition of Nelsons."

In a similar transaction, the company earlier issued ten-year senior notes in a public offering to raise $700m. The notes are payable semi-annually and carry an interest rate of 2%.

Paper products manufacturer Lecta will raise €225m ($247m) by issuing new floating rate, five-year senior notes.

The notes will have an interest of three months according to the Euro Interbank Offered Rate (EURIBOR), in addition to a 6.375% basic a share, which will payable on a quarterly basis.

Based in Luxembourg, Lecta manufactures labels, flexible packaging, commercial and thermal printing, publishing, business forms and self-adhesives.

Image: Macfarlane Packaging is the UK's largest distributor of protective packaging products and services. Photo: courtesy of HornM201 via wikimedia.