Lenzing successfully places sustainable bonded loan of over Euro 500 million. The initial Euro 200 million bond was of such interest to investors from Europe and Asia that the decision was made to increase it to Euro 500 million. Nearly 12% of this ($65 million) was tendered in US dollars.
US LBM Holdings, LLC has amended $275 million revolving credit facility and extends the term of the facility until October 2024. The revolving credit facility was supported by a syndicate of six lenders, including Royal Bank of Canada as administrative agent.
Resolute Forest Products Inc. has entered into an amended and restated senior secured credit agreement for up to $360 million, replacing the company's existing $185 million senior secured credit facility.
Hardwoods Distribution Inc. has received a term sheet from its US bank to increase its existing revolving credit facility from $125 million to $150 million, to extend the maturity of the facility from July 2021 to October 2024
Rayonier Advanced Materials Inc. has reached agreement with lenders under its Senior Secured Credit Agreement and entered into an amendment under which, among other changes, the lenders have agreed to relax the Total Net Senior First Lien Secured Leverage Ratio and Interest Coverage Ratio tests through 2021.
Conifex Timber Inc. (“Conifex”) has amended its lumber segment senior secured credit facility with its senior lenders to, among other things, provide additional short-term liquidity and waive certain covenants and milestones.
Metsä Board Corporation, part of Metsä Group, has signed a bank financing facility consisting of a Euro 150 million, five-year term loan and a Euro 200 million, five-year multicurrency revolving credit facility (“RCF”) with two one-year extension options and a Euro 50 million accordion option.