A Subsidiary of Sappi Limited to Launch a US Dollar Denominated Bond Offering, Guaranteed by Sappi Limited.Business Editors Embargoed/Not for release in Japan, France, Canada or Australia JOHANNESBURG--(BUSINESS WIRE)--May 29, 2002 A subsidiary of Sappi Limited, Sappi Papier Holding AG ("SPH sph abbr. spherical lens ") is planning to launch an inaugural benchmark US dollar denominated bond offering subject to market conditions. The bonds are expected to be fully and unconditionally guaranteed Unconditionally Guaranteed is the eighth LP by Captain Beefheart & the Magic Band, originally released in 1974. Upon release it was criticised for being too commercial, however it failed to give Beefheart any real chart success and peaked at #192 on the Billboard on an unsecured basis by Sappi Limited and Sappi International SA. SPH intends to use the proceeds of the issue to repay borrowings under existing credit facilities credit facilities npl → facilidades fpl de crédito credit facilities npl → facilités fpl de paiement credit facilities and for general corporate purposes. Application has been made to list the bonds on the Luxembourg Stock Exchange The Luxembourg Stock Exchange (French: Bourse de Luxembourg) is a stock exchange based in Luxembourg City, in southern Luxembourg. . This announcement does not constitute an offer of securities for sale in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The Company does not intend to conduct a public offering of securities in the United States. There shall not be any offer, solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Neither this announcement nor any copy hereof may be taken or transmitted into Japan, France, Canada or Australia or distributed directly or indirectly in Japan, France, Canada or Australia. |
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