Georgia-Pacific obtains $650 million bridge loan

By Sara Rosenberg

New York, Aug. 7 - Georgia-Pacific Corp. obtained a $650 million one-year bridge loan commitment from Bank of America and Goldman, Sachs & Co.

Proceeds, combined with borrowings from existing credit facilities, will be used to repay $850 million in bridge financing due Aug. 16. Following the repayment, the company will have about $900 million available under its $3.75 billion revolver, according to a company press release.

Georgia-Pacific is an Atlanta, Ga. manufacturer and distributor of tissue, packaging, paper, building products, pulp and related chemicals.

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