Schoeller Allibert has said there is material uncertainty around the refinancing of their November 2024 notes and that this may cast ‘significant doubt’ on the company’s ability to continue as a going concern.

9fin clients can access the full going concern warning on page 21-22 of the Q4 2022 financial report.

The Netherlands-based packaging manufacturer has prepared a long term business plan (2023-2027), and is in the process of selecting a financial advisor(s). Options on the table include a new debt financing or “other form of liability management transaction”

Management were tight lipped on Tuesday’s Q4 earnings call when asked the specifics of the 2024 refinancing.