/PRNewswire/ - The Paper Excellence Group (Paper Excellence) today announced its updated organizational structure for its business units following the recent.
/PRNewswire/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced a reset of the five-year maturity of its senior secured asset-based.
/PRNewswire/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced a reset of the five-year maturity of its senior secured asset-based.
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Resolute Extends Maturity and Resets Term Loan Facility Under Senior Secured Credit Agreement
April 20, 2021 GMT
US $
MONTRÉAL, April 20, 2021 /PRNewswire/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced that it amended its $360 million senior secured credit agreement dated October 28, 2019. The purpose of the amendment is: to repay the $180 million of pre-amendment term loans by drawing on the revolving facility and using cash on hand; to extend the maturity date of the revolving facility from 2025 to 2027; to reduce the spread on the term loan facility by up to 10 basis points; and to reinstate in full the $180 million term loan facility, with maturities of up to ten years, with a delay draw period of up to three years. All other terms are substantially unchanged.