FITCH RATES CANPACK GROUP, Inc ‘BB-’; WITHDRAWS CANPACK S.A.’s IDR

Krakow, Poland (January 22, 2024) – Following CANPACK’s announcement on January 2, 2024 to amend its group structure, with CANPACK Group, Inc, (CANPACK Group), direct shareholder of CANPACK US and indirect shareholder of CANPACK SA, becoming a co-issuer of the unsecured bonds and the consolidated reporting entity for CANPACK SA and CANPACK US LLC, Fitch Ratings has assigned CANPACK Group a Long-Term Issuer Default Rating (IDR) at ‘BB-‘ with a Stable Outlook and, on Company’s request, has withdrawn the BB-’ IDR of CANPACK S.A. Fitch has affirmed the senior secured rating at ‘BB-‘ with a Recovery Rating of ‘RR4’.

About CANPACK Group
CANPACK Group, part of the Giorgi Global Holdings, Inc is a global manufacturer of aluminum beverage cans and packaging solutions for the food industry, as well as glass bottles and metal closures. Headquartered in Krakow (Poland), the company employs approximately 9,000 people worldwide and has operations in 16 countries.

Enquiries:

CANPACK IR team

Lorenzo Ruffatti
Group Treasury & Investor Relations Director

Marta Kopcik
Group Communications Manager

Email: IR@canpack.com

CANPACK IR Advisor

Li Zhao – H/Advisors Maitland
Phone: +44 (0) 207 379 5151
Email: canpack@h-advisors.global