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News Breaks
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November 5, 2009
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| 16:52 EDT |  | NP |
| theflyonthewall.com: | Neenah Paper renews credit facility through 2013 | | Neenah Paper 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 $84M drawn against this facility and remaining available capacity of $52M. The amended and restated facility, with an initial size of $140M, expires in November 2013. The lending group consists of JPMorgan Chase Bank as the agent bank and lead arranger, Bank of America as the syndication agent, UBS and Goldman Sachs. The renewed financing facility consists of a revolving line of credit and a term loan. Interest rates on the revolver are initially set at LIBOR plus 375 basis points. Interest rates on the term loan are LIBOR plus 425 basis points. An accordion feature allows the size of the revolver to increase by up to $50M. :theflyonthewall.com |
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February 1, 2012
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| 09:06 EDT | | NP |
| theflyonthewall.com: | Neenah Paper purchases Wausau's premium brands | | Neenah Paper announced the purchase of the branded premium paper portion of Wausau's Fine Paper division on Jan. 31. "The acquisition of Wausau brands strengthens the breadth of our existing Fine Paper business with added scale in the marketplace, prospects for growth in new channels such as retail, and the opportunity to provide our customers with better service," said Julie Schertell, president, Neenah Fine Paper. :theflyonthewall.com |
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