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Article: Eastern Paper Continues Positive Talks with Lenders.
- Article from:
- Business Wire
- Article date:
- January 20, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
AMHERST, Mass.--(BUSINESS WIRE)--Jan. 20, 2004
Representatives from Eastern Paper, financial lenders, representatives from the P.A.C.E. Union, and counsel for the Creditors' committee, met today with Governor Baldacci of Maine and his economic team in order to seek agreement on the continued funding of Eastern Paper's Maine based operations.
Eastern Paper has idled production at both its Brewer and Lincoln, Maine facilities pending the release of additional funding. Eastern Paper has been working diligently to secure financing to allow the company to restart operations and emerge from Chapter 11 bankruptcy protection.
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