Nov 22, 2013. /Lesprom Network/. The Gascogne Group has announced that its financial partners have agreed to extend the freeze on the conditions of the syndicated loan agreement and on the principal repayment schedule for the New Money loans until 30 November 2013.

During this period, the Group will pursue its search for solutions, involving close discussions with its financial partners, in order to deal with its debt and its cash flow requirements.

Gascogne group is the only French player fully integrated throughout the entire chain of the wood-paper-conversion sector. It has four complementary divisions: Gascogne produces wood products, natural machine glazed kraft paper, industrial and consumer sacks and laminates for packaging and protection applications.