S&P REVISES CANPACK’s OUTLOOK TO STABLE ON STRONG CASH FLOWS AND IMPROVED LEVERAGE; ‘BB-‘ RATING AFFIRMED

Krakow, Poland (January 19, 2024) –S&P Revised CANPACK’s Outlook to Stable on Strong Cash Flows and Improved Leverage; ‘BB-‘ Ratings Affirmed. Additionally, following CANPACK’s announcement on January 2, 2024 to amend its group structure, with CANPACK Group, Inc, direct shareholder of CANPACK US and indirect of CANPACK SA, becoming a co-issuer of the unsecured bonds and the consolidated reporting entity for CANPACK SA and CANPACK US LLC, S&P withdrew its long-term issuer credit ratings on CANPACK SA and CANPACK US LLC (both at the Company’s request) and assigned a ‘BB-‘ long-term issuer credit rating with a stable outlook to CANPACK Group Inc.

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