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
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.