Refinancing process of Arctic Paper S.A. finalized

The Arctic Paper Group has successfully completed the process of changing its financing structure for the paper business.The company has signed a term and revolving credit facilities agreement for PLN 31.3m and EUR 52.4m with a consortium of banks including Bank BGŻ BNP Paribas, Bank Zachodni WBK (part of Santander Group), and the European Bank for Reconstruction and Development (EBRD. Meanwhile, the company has signed an agreement with Haitong Bank S.A. connected with a planned programme for issuance of bonds for up to PLN 150m.

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Friday, 9 Sep, 2016