(UPM, Helsinki, 23 May 2016 at 16:45 EET) - UPM-Kymmene Corporation has successfully completed the consent solicitation process announced on 29 April 2016. The aim of this process was to solicit consents from the holders of the outstanding notes of certain series of notes issued pursuant to UPM's Global Medium Term Note (GMTN) Programme to amend the terms and conditions of such notes. UPM announced on 10 December 2015 a plan to change its corporate structure to better match its current business structure. The now approved amendments to the terms and conditions of the notes are one of the requirements for implementing the plan.
For further information please see the attached announcement.
For more information please contact:
Juha Forsius, SVP, Group Treasurer,Tel. +358405116241
UPM, Media Relations
tel. +358 40 588 3284
Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,600 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - www.upm.com