Greenpac amends, extends term loan, revolving credit facility

By Taylor Fox

New York, Dec. 11 – Greenpac Mill, LLC entered into an agreement to amend and restate its existing term loan and revolving credit facility that were scheduled to mature in May 2021, according to a news release.

The amended credit facilities will mature in December 2023.

The amended credit facilities consist of a $75 million term loan and a $50 million revolver.

The principal amount outstanding under the term loan was reduced to $75 million from $121 million in connection with the amendment to the credit facilities.

Wells Fargo Bank, NA, Manufacturers and Traders Trust Co. and Bank of America were co-lead arrangers and joint bookrunners.

Greenpac is a greenfield recycled linerboard mill by Norampac, a division of Montreal-based Casacades, Inc., which converts, produces and markets packaging and tissue products composed mainly of recycled fibers.

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