{"id":398459,"date":"2020-12-11T16:21:34","date_gmt":"2020-12-11T21:21:34","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=398459"},"modified":"2020-12-11T16:21:34","modified_gmt":"2020-12-11T21:21:34","slug":"cascades-announces-that-its-subsidiary-greenpac-mill-llc-has-successfully-refinanced-its-bank-debt","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cascades-announces-that-its-subsidiary-greenpac-mill-llc-has-successfully-refinanced-its-bank-debt\/","title":{"rendered":"Cascades Announces That its Subsidiary Greenpac Mill, LLC Has Successfully Refinanced its Bank Debt"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n KINGSEY FALLS, QC<\/span>, Dec. 11, 2020<\/span> \/PRNewswire\/ –\u00a0Cascades Inc. (TSX: CAS) (the “Company”), a leader in eco-friendly recycling, packaging and hygiene solutions, announced today that its 86.3% owned subsidiary, Greenpac Mill, LLC (“Greenpac”)\u00a0 has entered into an agreement to amend and restate its existing term loan and revolving credit facility that were scheduled to mature in May 2021<\/span>. The amended credit facilities will mature in December 2023<\/span>.<\/p>\n

Wells Fargo Bank, National Association, Manufacturers and Traders Trust Company and Merrill Lynch, Pierce, Fenner & Smith Incorporated served as Co-Lead Arrangers and Joint Bookrunners on the amended credit facilities, which consist of a US$75 million<\/span> term loan and a US$50 million<\/span> revolver.\u00a0 The principal amount outstanding under the term loan was reduced from US$121 million<\/span> to US$75 million<\/span> in connection with the amendment to the credit facilities.<\/p>\n

Greenpac operates a state-of-the-art lightweight containerboard mill, located in Niagara Falls, New York<\/span>, which manufactures lightweight linerboard made with 100% recycled fibres. The mill has an annual production capacity of 540,000 short tons and employs 168 people.<\/p>\n

\n Founded in 1964, Cascades offers sustainable, innovative and value-added packaging, hygiene and recovery solutions. The company employs approximately 12,000\u00a0women and men across a network of close to 90\u00a0facilities in North America<\/span> and Europe<\/span>. Driven by its participative management, half a century of experience in recycling, and continuous research and development efforts, Cascades continues to provide innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the entire planet. Cascades’ shares trade on the Toronto Stock Exchange under the ticker symbol CAS<\/i>\n <\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/cascades-announces-that-its-subsidiary-greenpac-mill-llc-has-successfully-refinanced-its-bank-debt-301191458.html<\/a><\/p>\n

SOURCE Cascades Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire KINGSEY FALLS, QC, Dec. 11, 2020 \/PRNewswire\/ –\u00a0Cascades Inc. (TSX: CAS) (the “Company”), a leader in eco-friendly recycling, packaging and hygiene solutions, announced today that its 86.3% owned subsidiary, Greenpac Mill, LLC (“Greenpac”)\u00a0 has entered into an agreement to amend and restate its existing term loan and revolving credit facility that were scheduled to mature in May 2021. The amended credit facilities will mature in December 2023. Wells Fargo Bank, National Association, Manufacturers and Traders Trust Company and Merrill Lynch, Pierce, Fenner & Smith Incorporated served as Co-Lead Arrangers and Joint Bookrunners on the amended credit facilities, which consist of a US$75 million term loan and a US$50 million revolver.\u00a0 The principal amount outstanding under the term loan … <\/p>\n

Continue reading “Cascades Announces That its Subsidiary Greenpac Mill, LLC Has Successfully Refinanced its Bank Debt”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-398459","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCascades Announces That its Subsidiary Greenpac Mill, LLC Has Successfully Refinanced its Bank Debt - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cascades-announces-that-its-subsidiary-greenpac-mill-llc-has-successfully-refinanced-its-bank-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cascades Announces That its Subsidiary Greenpac Mill, LLC Has Successfully Refinanced its Bank Debt - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire KINGSEY FALLS, QC, Dec. 11, 2020 \/PRNewswire\/ –\u00a0Cascades Inc. (TSX: CAS) (the “Company”), a leader in eco-friendly recycling, packaging and hygiene solutions, announced today that its 86.3% owned subsidiary, Greenpac Mill, LLC (“Greenpac”)\u00a0 has entered into an agreement to amend and restate its existing term loan and revolving credit facility that were scheduled to mature in May 2021. The amended credit facilities will mature in December 2023. Wells Fargo Bank, National Association, Manufacturers and Traders Trust Company and Merrill Lynch, Pierce, Fenner & Smith Incorporated served as Co-Lead Arrangers and Joint Bookrunners on the amended credit facilities, which consist of a US$75 million term loan and a US$50 million revolver.\u00a0 The principal amount outstanding under the term loan … Continue reading "Cascades Announces That its Subsidiary Greenpac Mill, LLC Has Successfully Refinanced its Bank Debt"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cascades-announces-that-its-subsidiary-greenpac-mill-llc-has-successfully-refinanced-its-bank-debt\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-11T21:21:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=MO21867&sd=2020-12-11\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cascades-announces-that-its-subsidiary-greenpac-mill-llc-has-successfully-refinanced-its-bank-debt\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cascades-announces-that-its-subsidiary-greenpac-mill-llc-has-successfully-refinanced-its-bank-debt\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Cascades Announces That its Subsidiary Greenpac Mill, LLC Has Successfully Refinanced its Bank Debt\",\"datePublished\":\"2020-12-11T21:21:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cascades-announces-that-its-subsidiary-greenpac-mill-llc-has-successfully-refinanced-its-bank-debt\\\/\"},\"wordCount\":282,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cascades-announces-that-its-subsidiary-greenpac-mill-llc-has-successfully-refinanced-its-bank-debt\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=MO21867&sd=2020-12-11\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cascades-announces-that-its-subsidiary-greenpac-mill-llc-has-successfully-refinanced-its-bank-debt\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cascades-announces-that-its-subsidiary-greenpac-mill-llc-has-successfully-refinanced-its-bank-debt\\\/\",\"name\":\"Cascades Announces That its Subsidiary Greenpac Mill, LLC Has Successfully Refinanced its Bank Debt - 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