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Article: Neenah Paper Renews Credit Facility Through 2013.
- Article from:
- PR Newswire
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. 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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ALPHARETTA, Ga., Nov. 5 /PRNewswire-FirstCall/ -- Neenah Paper, Inc. today announced the Company had successfully renewed its North American senior secured credit facility. The existing facility was set to expire in November 2010. As of June 30, the Company had $84 million drawn against this facility and remaining available capacity of $52 million. The amended and restated facility, with an initial size of $140 million, expires in November 2013. The lending group consists of JPMorgan Chase Bank (agent bank and lead arranger), Bank of America (syndication agent), UBS and Goldman Sachs.
Bonnie Lind, Chief Financial Officer and Treasurer, said, "We are pleased ...