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Schweitzer-Mauduit to sell $350 million notes for debt refinancing
By Paul A. Harris
Portland, Ore., Sept. 10 – Schweitzer-Mauduit International, Inc. announced in a Monday press release that it plans to make a private $350 million offering of senior notes (B+) due 2026.
The company also announced that it intends to refinance and replace its existing senior secured credit facilities with a new $700 million credit agreement.
The Alpharetta, Ga.-based provider of engineering solutions and advanced materials for the tobacco industry plans to use the proceeds to refinance its existing senior secured credit facilities.
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