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Huhtamäki Oyj announces final results of voluntary tender offer for its notes maturing in 2026 and 2027
Globenewswire· 2025-09-02 09:40
Core Viewpoint - Huhtamäki Oyj has completed a Tender Offer for its outstanding notes maturing in 2026 and 2027, with significant amounts accepted for purchase [1][3][4]. Group 1: Tender Offer Details - The Tender Offer expired on September 1, 2025, and no further notes can be tendered for purchase [2]. - The Offeror will accept for purchase all validly tendered 2026 Notes, totaling EUR 159,500,000 [3]. - For the 2027 Notes, an aggregate nominal amount of EUR 125,000,000 will be accepted, subject to a proration factor of approximately 37.142% [4]. Group 2: Financial Terms - The 2026 Notes have a purchase price of 98.863 and a yield of 2.084% [6]. - The 2027 Notes have a purchase price of 102.884 and a yield of 2.288% [6]. - Accrued and unpaid interest will be paid on the Notes accepted for purchase [5]. Group 3: Settlement Dates - The settlement date for the 2027 Notes is September 3, 2025, while the settlement date for the 2026 Notes is September 4, 2025 [7]. Group 4: Company Overview - Huhtamäki is a global provider of sustainable packaging solutions, with a history of over 100 years and operations in 36 countries [10]. - The company reported net sales of EUR 4.1 billion in 2024 and is listed on the Nasdaq Helsinki [10].
Huhtamäki Oyj announces indicative results of voluntary tender offer for its notes maturing in 2027
Globenewswire· 2025-09-02 08:00
Core Viewpoint - Huhtamäki Oyj has announced the results of its tender offer for the 2027 Notes, indicating an intention to accept EUR 125 million in aggregate principal amount of the notes tendered for purchase, with a proration factor of approximately 37.142% [3][4]. Group 1: Tender Offer Details - The tender offer for the 2027 Notes expired on September 1, 2025, at 6:00 p.m. Finnish time, and no further notes can be tendered for purchase [2]. - The Offeror has the discretion to decide the final amount of 2027 Notes accepted for purchase, which may include not accepting any purchases [4]. - The final results of the tender offer will be announced after the pricing time on September 2, 2025, around 12:00 noon Finnish time [5]. Group 2: Company Overview - Huhtamäki is a leading global provider of sustainable packaging solutions, focusing on hygiene, safety, and reducing food waste [6]. - The company has over 100 years of history, operates in 36 countries with around 18,000 professionals, and reported net sales of EUR 4.1 billion in 2024 [7].
CROWN HOLDINGS RECEIVES VALIDATION OF NEW NET-ZERO TARGET THROUGH SBTI
Prnewswire· 2025-08-28 17:30
Core Viewpoint - Crown Holdings, Inc. has received validation from the Science Based Targets initiative (SBTi) for its updated near-term and new net-zero targets, aiming for net-zero greenhouse gas emissions across its value chain by 2050 [1][2]. Group 1: Sustainability Goals - The company aims to reduce its Scope 1 and 2 greenhouse gas emissions by 50% and Scope 3 emissions by 27.5% by 2030, using 2019 as the baseline [2]. - Crown Holdings is one of approximately 1,000 organizations that have set net-zero targets, highlighting its commitment to sustainability [2]. Group 2: Corporate Commitment - The Chairman, President, and CEO of Crown Holdings emphasized the company's unique position to contribute to industry sustainability through emissions reduction and the provision of recyclable products [3]. - The validation from SBTi reinforces the company's commitment to measurable progress in its sustainability initiatives, particularly the Twentyby30 program launched in 2020 [3][4]. Group 3: Collaboration and Progress - The Vice President of Global Sustainability & External Affairs stated that achieving SBTi validation is a critical step in driving emissions reductions across the value chain and collaborating with suppliers, customers, and stakeholders [4]. - Crown Holdings has made significant progress through its Twentyby30 sustainability program, which reflects its strong climate commitment [4].
Origin Materials(ORGN) - 2025 Q2 - Earnings Call Transcript
2025-08-14 22:00
Financial Data and Key Metrics Changes - The company announced a reduction in manufacturing output estimates by approximately 50-15% for 2026 and 2027 compared to prior estimates due to delays in cap former factory acceptance testing [19] - Updated revenue guidance for 2026 is now $20 million to $30 million, and for 2027, it is $100 million to $200 million, down from previous estimates of $50 million to $70 million and $150 million to $210 million respectively [20] - The company ended the quarter with $69 million in cash, cash equivalents, and marketable securities, alongside a net accounts receivable balance of $17.9 million [20][21] Business Line Data and Key Metrics Changes - The first Origin PET bottle caps are now on store shelves, marking a significant milestone for the company and the packaging industry [6] - The company is focusing on five large functional segments within the $65 billion caps and closures market, including water, carbonated soft drinks, other beverage applications, food and pharmaceutical, and other non-beverage segments [10] Market Data and Key Metrics Changes - The company is targeting a $7 billion segment for non-carbonated water caps and a $6 billion segment for carbonated soft drinks [10] - The packaging industry is described as highly commoditized and competitive, with a noted lack of innovation [9] Company Strategy and Development Direction - The company is conducting a strategic review with RBC Capital Markets to identify strategies that can enhance access to manufacturing capacity and strategic capital [10] - A refinement of the go-to-market strategy has been initiated to prioritize high-value opportunities within the caps and closures market [10] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of tariffs on production costs and the need for strategic partnerships to mitigate these challenges [18] - The company remains optimistic about its growth potential, citing strong interest in its products and ongoing customer relationships [42] Other Important Information - The company has established a partnership with Berlin Packaging, which will help extend market reach for its PET caps [12] - The company is expanding its manufacturing capacity in Europe to respond to tariff pressures and enhance production capabilities [15] Q&A Session All Questions and Answers Question: Where can investors buy the product to support it? - The product is available on shelves with a small brand, Power Hydration, located in California [27] Question: Who are the closest competitors and how does Origin compare? - The company's technology is differentiated from existing PET cap production methods, allowing for better unit economics and material properties [29][30] Question: What is the status of the NASDAQ listing? - The company is currently in a grace period to meet the minimum stock price requirement and is optimistic about regaining compliance [36][39] Question: What should investors be excited about for the future? - The company is excited about the market introduction of its PET bottle caps and ongoing customer announcements, alongside strategic growth opportunities [41][43]
International Paper to Release Second-Quarter Earnings on July 31, 2025
Prnewswire· 2025-06-25 21:00
Group 1 - International Paper will release its second-quarter earnings on July 31, 2025, before the opening of the New York Stock Exchange [1] - A webcast to discuss earnings and current market conditions will begin at 10 a.m. ET [1] - Participants can join the webcast via teleconference or listen online, with a replay available for ninety days [2] Group 2 - International Paper is a global leader in sustainable packaging solutions, headquartered in Memphis, Tennessee, with operations in over 30 countries [3] - The company employed more than 65,000 team members and reported net sales of $18.6 billion for 2024 [3] - In 2025, International Paper acquired DS Smith, enhancing its position in the North American and EMEA regions [3]
International Paper Announces Facility Alignment in the Rio Grande Valley as Part of Strategic Growth Initiative in North America
Prnewswire· 2025-05-09 12:30
Core Viewpoint - International Paper is consolidating its operations in the Rio Grande Valley to enhance customer service and maintain a competitive cost structure, which is part of its strategic growth initiative [1][2]. Group 1: Operational Changes - The company will convert its Edinburg, Texas sheet plant into a warehouse and invest in its McAllen, Texas facility to increase capabilities [1]. - Operations in Reynosa, Mexico will be shifted to a new, modern facility currently under construction, while the box and sheet plants in Edinburg will be closed [1][2]. Group 2: Employee Impact - The company aims to minimize the impact on affected employees through natural attrition, retirements, and open positions at other facilities, including McAllen [3]. Group 3: Company Overview - International Paper is a global leader in sustainable packaging solutions, headquartered in Memphis, Tennessee, with over 65,000 employees and operations in more than 30 countries [4]. - The company reported net sales of $18.6 billion for 2024 and acquired DS Smith in 2025, strengthening its position in the North American and EMEA regions [4].
Amcor Lift-Off initiative extends deadline for compostable or recyclable barrier coating solution challenge
Prnewswire· 2025-03-24 13:22
Core Points - Amcor has extended the application period for its Amcor Lift-Off Sprints challenge, which supports innovative companies providing compostable or recyclable barrier coatings solutions [1][4] - The initiative aims to foster technical collaborations with start-ups and innovators to address specific R&D challenges, offering successful applicants funding of up to $500,000 [3][4] - The application deadline is set for April 13, 2025, with key dates including shortlisting on April 25, 2025, and Final Pitch Day on May 12, 2025 [8] Company Overview - Amcor is a global leader in responsible packaging solutions, generating $13.6 billion in annual sales in fiscal year 2024, with operations in 212 locations across 40 countries [7] - The company focuses on creating packaging that is recyclable, reusable, and made with increasing amounts of recycled content, serving various sectors including food, beverage, and pharmaceuticals [7]