Tembec gets C$250 million amended and restated revolver

By Sara Rosenberg

New York, Jan. 22 - Tembec closed on a C$250 million amended and restated three-year revolving working capital credit facility, according to a company news release.

CIT Business Credit Canada Inc. acted as the lead bank on the deal.

The amended and restated facility replaces a C$150 million revolving working capital facility with CIT and a C$136 million non-revolving working capital facility with a syndicate of banks that would have matured in June 2008.

Tembec is a Montreal-based diversified and integrated forest products company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.