Nordic Paper Enters into New Financing Agreement
Paper Recycling | 2025-01-17 11:03:46
Nordic Paper is a leading specialty paper producer with its base in Scandinavia.
By Paul Ploumis
SEATTLE (Scrap Monster): Nordic Paper has entered into a new financing agreement as change-of-control provisions of the previous financing agreement were triggered when Strategic Value Partners, LLC, through Coniferous Bidco AB, reached a controlling shareholding in Nordic Paper in December 2024.
The new credit facilities include a SEK1.4 bn term loan and an EUR 65 m revolving credit facility. There is no material impact on the Nordic Paper net result or leverage as a result of entering into the new agreement. Similar to the previous financing agreement, the duration of the new agreement runs into 2026.
Nordic Paper is a leading specialty paper producer with its base in Scandinavia.
Courtesy: www.pulpapernews.com
