Appleton Papers repays $14.7 million bank debt, increases revolver size

By Sara Rosenberg

New York, Aug. 6 - Appleton Papers Inc. made mandatory principal repayments of $10.8 million on its senior term loans during the second quarter and mandatory principal payments of $3.9 million in the first week of July.

Furthermore, during the second quarter, the company increased its revolver to $100 million from $75 million. Appleton then drew down $45 million to help fund the acquisition of C&H Packaging Company, Inc. and American Plastics Co., Inc. Of the amount drawn, $5 million was repaid during the month of June, according to a news release.

Appleton Papers is an Appleton, Wis. manufacturer and distributor of paper and paperboard products.

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