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The Paper Excellence Group Announces Renewed Business Unit Structure

/PRNewswire/ - The Paper Excellence Group (Paper Excellence) today announced its updated organizational structure for its business units following the recent. ....

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Resolute Completes Amendment and Extension of Its ABL Credit Facility

/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 Completes Amendment and Extension of Its ABL Credit Facility

/PRNewswire/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced a reset of the five-year maturity of its senior secured asset-based. ....

United States , Sylvaina Girard , Remig Lalonde , York Stock Exchange , Exchange Commission , Troutman Pepper Hamilton Sanders , Resolute Forest Products Inc , Toronto Stock Exchange , New York Stock Exchange , Wells Fargo , Resolute Forest Products , Private Securities Litigation Reform Act , Forest Products , Toronto Stock , North American , Resolute Forest Products Inc ,

Resolute Extends Maturity and Resets Term Loan Facility Under Senior Secured Credit Agreement

Press release content from PR Newswire. The AP news staff was not involved in its creation.
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. ....

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