Stewart Emerson, President and Chief Operating Officer of Supremex, stated: "This credit facility, which replaces the company's previous syndicated facility, provides us with improved covenants, greater flexibility and the opportunity to reduce our borrowing costs. The terms of this credit facility reflect the Company's improved financial performance, positive business outlook and ability to generate significant free cash flow."
Year-to-date, Supremex reduced its net debt by $7.3 million and currently has a net debt to trailing twelve-month EBITDA ratio of 1.2 times, as of June 30, 2014.
Supremex Inc., Canada's leading manufacturer and marketer of a broad range of stock and custom-manufactured envelopes and growing provider of packaging and related products.