Apr 02, 2012. /Lesprom Network/. Fortress Paper Ltd. announced that its wholly owned subsidiary, Dresden Papier GmbH ("Dresden"), has entered into a new Euro 25 million credit facility with Commerzbank. The new facility expires on June 30, 2017 and will be primarily used to repay the balance of an existing loan agreement between Dresden and GE Capital Bank AG of Euro 22.15 million that was used to finance the rebuild of PM1 at the Landqart mill. Chadwick Wasilenkoff, CEO of Fortress Paper, commented: "The terms of the new facility are more competitive than our prior loan agreement, and provides enhanced financial flexibility at a lower overall cost to our business." Fortress Paper operates internationally in three distinct business segments: dissolving pulp, specialty papers and security paper products.