Huhtamaki has priced €300 million of senior unsecured notes under its Euro Medium Term Note Programme as the packaging group moves to refinance existing debt and strengthen its financial structure.
The Finland-based packaging company said the six-year notes will be issued on May 19, 2026, with maturity scheduled for May 19, 2032. The notes will carry an annual interest rate of 3.875%.
Huhtamaki said the proceeds will be used for partial refinancing of existing indebtedness, including financing a previously announced tender offer linked to its outstanding €500 million notes due in 2027. The company also said part of the funds will support general corporate purposes across the group.
Around 80 investors participated in the allocation process.
The company plans to apply for the listing of the notes on the official list of Euronext Dublin and trading on Euronext Dublin’s regulated market.
Nordea Bank, Citigroup Global Markets Europe, Danske Bank, and Standard Chartered Bank acted as joint lead managers for the transaction.
Huhtamaki remains one of the largest food packaging suppliers globally, serving supermarket, foodservice, beverage, and consumer goods sectors. The company operates in 35 countries with 105 locations worldwide.
In 2025, Huhtamaki reported net sales of €4.0 billion.
Why it matters
Packaging companies across Europe continue adjusting financing strategies as borrowing costs, sustainability investments, and industrial operating expenses remain elevated.
For supermarket and FMCG supply chains, major refinancing activity at global packaging suppliers can influence future investment in production capacity, sustainable packaging development, automation, and regional manufacturing operations.
Huhtamaki plays a major role in food and beverage packaging categories used across supermarkets, takeaway food, and private label manufacturing networks.
What happens next will likely depend on broader European financing conditions, packaging demand recovery, and future investment priorities across the global packaging sector.
