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High volume manufacturer of paper bags and flexible packaging across a broad range of market sectors including high street retailers, promotional companies, independent stores and online and express delivery retailers. The majority of the Company's business is focussed on paper bags for the retail market such as UK high street brands: Eat, TK Max, Selfridges, Primark, Debenhams, Amazon UK & USA and many more. The bond issuer has identified a significant opportunity to capitalise on the trend that governments all over the world are taking action to ban the sale of lightweight plastic bags or charge customers for lightweight plastic bags, or charge fees to stores who sell them. This shift is allowing the bond issuer to take advantage of changes in legislation and the consequential increased demand for the supply of paper bags and other recyclable packaging solutions. The bond issuer is seeking to raise up to £4,000,000 via a corporate bond (“Bond”) issuance. The Bond pays offer a fixed coupon of 7% per annum paid annually in arrears over a 5 year term and Bond Holders will, via a security trustee, hold a charge over the assets of the bond issuer. At the end of year 5, Bond Holders will be repaid the capital invested by them. The bond issuer expects that it will be able to pay the coupon through the profits generated by its manufacture and supply of paper bags and flexible packaging.
The funds raised will be used to undertake the expansion of the bond issuer and its wholly owned subsidiary operating companies that run four strategically located manufacturing plants in Ireland, the United States, Spain and the United Kingdom. The initial focus is on increasing the bond issuers operating capacity in the UK, Europe and on the east coast of the United States, to meet the demand from new and existing customers. The subsequent focus will be opening an operation on the west coast of the United States to fulfill demand from customers and allow efficient delivery of product across the entire continent. All production plants are professionally managed by industry professionals and undergo continuous strict audit and approval processes to ensure they are operational to the highest level of health and safety, ethics, environmental and quality standards globally. The team’s experience, capabilities and skills in the manufacturing and supply of specialist packaging solutions to the retail trade enables them to provide a structured, controlled and profitable expansion of the business with a core focus on minimising risk utilising their experience and expertise.
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