SFK Pulp to launch C$255 million credit facility Thursday

By Sara Rosenberg

New York, Sept. 6 - SFK Pulp Fund is scheduled to hold a bank meeting on Thursday to launch its proposed C$255 million credit facility (B+), according to a market source.

TD Securities is the lead bank on the deal.

The facility consists of a C$200 million revolver talked at Libor plus 250 basis points and a C$55 million term loan B talked at Libor plus 300 bps, the source said.

Proceeds will be used to fund the acquisition of two pulp mills from American Fiber Resources.

SFK is a Quebec-based pulp company.

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