CIT, a division of First Citizens Bank, announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, provided financing to Mohawk Fine Papers, the largest privately held premium paper manufacturer in North America. The financing...
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September 23, 2022, 07:52 AM
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Citizens provided a $100 million asset-based lending credit facility to Madawaska, Maine-based Twin Rivers Paper Company. Citizens is Lead Arranger and Administrative Agent.Twin Rivers is an integrated paper company that produces packaging, label...
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September 08, 2022, 07:50 AM
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MidFirst Business Credit (MFBC) provided $8.5 million in working capital and capital expenditure facilities to Morcon, Inc. (Morcon). Located in Eagle Bridge, NY, Morcon is a commercial paper tissue converting company with three primary product lines...
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January 05, 2021, 06:00 AM
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CIT Group Inc. announced that its Asset-Based Lending business, working in conjunction with its Sponsor Finance group, served as lead arranger on senior secured credit facility for von Drehle Corporation, a leading maker of high quality paper towel...
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August 18, 2020, 09:00 AM
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MidCap Business Credit announced it closed on a $5,000,000 Asset Based Credit Facility for Long Falls Paperboard, LLC. Headquartered in Brattleboro, VT, Long Falls is manufacturer of specialty fiber based paperboard. The credit facility is comprised...
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August 27, 2019, 08:40 AM
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PNC Bank has closed a $90 million senior secured credit facility for Iconex, a portfolio company of Greenwich, CT-based Atlas Holdings.PNC’s facility was provided in conjunction with a $67.5 million term loan and a $30 million delayed draw term loan...
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Glatfelter announced it closed on a new 5-year, $400 million revolving credit facility and a €220 million term loan facility on February 8, 2019. The revolving credit facility will be used to refinance outstanding indebtedness under Glatfelter’s...
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February 11, 2019, 07:24 AM
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KPS Capital Partners anounced its portfolio company Expera Specialty Solutions, LLC has completed its second successful recapitalization. Expera raised $335 million of financing, including a $50 million senior secured revolving credit facility and a...
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November 04, 2016, 07:51 AM
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Verso Corporation announced that the company and its subsidiaries have emerged from bankruptcy following a successful financial restructuring and confirmation of its Chapter 11 plan of reorganization by the U.S. Bankruptcy Court for the District of...
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Catalyst Paper Corporation announced the amendment of its asset-based lending credit facility. The amendment included an increase of the maximum revolving credit commitments by $25 million to $250 million. The ABL facility lenders are CIBC as...
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Siena Lending Group announced the completion of a $6.6 million debtor-in-possession revolving credit facility for Lincoln Paper and Tissue LLC (“Lincoln”). The facility will be used for working capital needs as a sale is completed through the 363...
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October 06, 2015, 07:39 AM
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TD Bank announced their Asset Based Lending Group ("ABL") has provided $23 million in financing to Atlas Paper Holdings. The credit facility will also finance the debt recapitalization of the company. Headquartered in Miami, Fl., Atlas Paper is a...
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Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the industrial, consumer products and retail sectors, announced it has been engaged by Sabin Robbins Converting Company to dispose of all equipment at the...
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PNC Bank, N.A., a member of The PNC Financial Services Group, announced the closing of $25 million in senior secured revolving credit for paper manufacturer Appleton Coated, LLC. Based in Combined Locks, Wisconsin, the funds are being used as ongoing...
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Siena Lending Group announced the completion of a $6 million revolving and term loan facility for Lincoln Paper and Tissue, LLC. The facility was used to fund a capital expenditure project that was time sensitive and critical for the business as well...
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January 06, 2015, 07:27 AM
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Catalyst Paper Corporation announced that it has entered into an Asset Purchase Agreement with NewPage Corporation, NewPage Wisconsin System Inc. and Rumford Paper Company (the "Sellers") to purchase the Biron paper mill located in Wisconsin and the...
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October 31, 2014, 07:47 AM
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Webster Business Credit recently provided a $14.65 million senior secured credit facility to Hazen Paper Company to refinance an existing debt and provide on-going working capital and capital expenditure support.Hazen Paper Company, founded in 1926...
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September 29, 2014, 07:44 AM
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KPS Capital Partners announced its portfolio company Expera Specialty Solutions, LLC has completed a successful recapitalization. Expera raised $270 million of financing, including a $75 million cash flow revolving credit facility and a $195 million...
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September 03, 2014, 07:17 AM
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Capital Business Credit provided an $8.8 million asset-based loan facility to Sabin Robbins Converting Co. (Sabin), a leading, full service paper convertor located in Ohio. CBC assisted the equity sponsor, Theca, LLC, in the acquisition.
Under tight...
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NewPage Holdings Inc. announced that its wholly-owned subsidiary, NewPage Corporation, closed on financing consisting of a new $750 million term loan facility led by Credit Suisse Securities (USA) LLC (the "Term Loan Facility") and a new $350 million...
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February 12, 2014, 08:36 AM
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