Integrated Packaging, FIIG Debt Issue

Case Study - Integrated Packaging

Issue Date

September 2015

Amount

$40 million

Maturity

29 September 2019

Term

4 years

Coupon

7.3%

About the Issuer

Integrated Packaging Group Pty Ltd (IPG) is the thirdlargest flexible plastics manufacturing business in Australia and New Zealand, focussed on industrial and agricultural packaging. It is a market leader in industrial and plain films in flexible packaging; particularly shrink film, stretch film, pallet wrap film and agricultural film products. It also distributes a full range of pallet wrapping machines and associated equipment.

The issuer need

IPG wanted to accelerate growth and exports as well as increase its funding flexibility and tenor.

The FIIG solution

By issuing a senior unsecured 40m bond into the capital markets, the group gained the flexibility it required to grow its business through reduced debt repayments and limited restrictions on capital expenditure and acquisitions.

Client testimonial

IPG’s CEO, John Cerini said the bond issue would allow the company to lock in medium term operational funding. “This issue is a significant step forward for IPG as it will allow us to re-finance $60m in leasing and bank facilities to improve operational flexibility and allow reinvestment of cash generated into growth opportunities” Mr Cerini said.

Erryn Lloyd-Jones - Head of Debt Capital Markets, Private Debt
Erryn Lloyd-Jones
Head of Debt Capital Markets

(02) 9697 8778
Erryn.Lloyd-Jones@fiig.com.au

A proven track record of opening the Australian bond markets

FIIG has a proven track record of opening the Australian bond markets, having raised over $2.8bn of predominantly unrated bond funding across more than 70 issues.

The Debt Capital Markets team arranges long term, AUD bond financing for rated and unrated Australian and New Zealand corporates. Our funding solutions enable mid-market corporates and large private companies to diversify their funding options and optimise their capital structures.

If you would like to learn more about how FIIG can assist in the growth of your business...

  Contact Erryn Lloyd-Jones on
(02) 9697 8778

Copyright © 2019 FIIG Securities Limited | ABN 68 085 661 632 | AFSL No 224659 | Financial Services GuideSitemap | About us
FIIG provides general financial product advice only.  For a copy of our disclaimer please refer to fiig.com.au/disclaimer
* Based on FIIG’s high yield sample portfolio. Click here to view. Subject to change and before fees. Please see our FSG for any applicable fees.