Appleton repays $38 million of revolver borrowings

By Sara Rosenberg

New York, Nov. 6 - Appleton repaid $23 million of outstanding debt under its revolver during the third quarter and repaid an additional $15 million of revolver debt during the last week of October, reducing total revolver debt to $7 million, the company reported.

The revolver borrowings had been drawn during the second quarter to help fund the acquisitions of C&H Packaging Co. and American Plastics Co., according to a news release.

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

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