Georgia-Pacific announces debt refinancing
Sep 28, 2011. Georgia-Pacific LLC has closed a new senior unsecured credit facility totaling $3.5 billion which matures in 2016 and consists of a revolving credit facility, a domestic term loan and an international term loan.
Sep 28, 2011. /Lesprom Network/. Georgia-Pacific LLC has closed a new senior unsecured credit facility totaling $3.5 billion which matures in 2016 and consists of a revolving credit facility, a domestic term loan and an international term loan. Georgia-Pacific has used the proceeds of this facility, along with the proceeds from an equity contribution from Koch Industries, Inc., to extinguish all of its obligations under its existing senior secured credit facilities, as the company said in a press release received by Lesprom Network.
As a result of this refinancing, Georgia-Pacific's capital structure will be unsecured with the exception of its accounts receivable securitization facilities.
Joint Lead Arrangers of Georgia-Pacific's senior unsecured credit facility included Merrill Lynch, Pierce, Fenner & Smith Inc.; Citigroup Global Markets, Inc.; Credit Suisse Securities (USA) LLC; Deutsche Bank Securities Inc.; J.P. Morgan Securities LLC; and RBS Securities Inc.
Georgia-Pacific is one of the world's leading manufacturers and marketers of tissue, packaging, paper, pulp, and building products.