The investment will accelerate PulPac’s research and development over a five-year period (2025–2029), with a focus on next-generation food service and retail packaging.
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Huhtamaki will use the funds for refinancing and general corporate purposes of the Group.
The tenor is seven years for the term loan B and six and a half years for the revolving credit facility.
West Fraser Timber Co. Ltd. has entered into a syndicated credit agreement providing for the renewal of its $1 billion credit facility and extension of the facility’s maturity from July 2028 to May 2030.
The facility has a tenor of five years with two one-year extension options subject to the lenders’ approval.
15-year mortgage rate falls to 5.94%.
Permits rise 2% to 1.48 million despite 14% single-family decline and weak Northeast activity.
15-year rate climbs to 6.03% as spring homebuying demand outpaces 2024 by 13%.
Furniture demand drives OSB and particleboard growth while exports fall and investment remains weak.
15-year mortgage dips 7 basis points while 30-year remains below 2024 average.
15-year fixed mortgage rises to 5.89%, up 6 basis points from last week.
The increase reflects a 3% rise in home-sale prices and a 6.67% average mortgage rate.
15-year mortgage rate increases to 5.83%, up from 5.80% last week.
Pending sales fall 5.2% while active listings increase 11% in the latest housing market data.
High unemployment and stalled construction investments raise concerns despite inflation exceeding 2% target.
Despite volatility in the markets, mortgage rates have remained relatively stable in recent weeks.
The 15-year mortgage rate falls to 5.79% as refinancing applications reach 44%.