Arctic Paper S.A. extends revolving credit facility
Arctic Paper S.A. has agreed with lenders BNP Paribas Bank Polska S.A., Santander Bank Polska S.A. and European Bank for Reconstruction and Development on an extension of the company's credit facility (revolving credit facility) of the total value of EUR 19.8m and PLN 20mn to January 31, 2021 interest rate and other provisions remain unchanged.
The extension allows the company to complete an ongoing process that aims to simplify the debt structure, further optimize the conditions and reduce the costs of debt service.
Further information provided by:
Michal Jarczynski, CEO, Arctic Paper S.A.
Phone +46 10 451 7005
Göran Eklund, CFO, Arctic Paper S.A.
Phone +46 10 451 7054
Arctic Paper S.A. is one of the leading producers of high-quality graphical fine paper in Europe and consists of three paper mills and four eco-friendly strong brands, Amber, Arctic, Munken and the coated paper brand G. Most of the products are sold through the company’s 14 sales offices in Europe. The Group is the main owner of the listed Swedish pulp producer Rottneros AB. Arctic Paper S.A. is listed on the Warsaw Stock Exchange and NASDAQ in Stockholm.
For more information visit, arcticpaper.com