“Will afford greater financial flexibility to manage our business”
Twin Rivers Paper Company, a Canadian manufacturer of lightweight specialty packaging, publishing and label papers, today announced it has secured additional financial support from the Finance Authority of Maine (FAME) and Business New Brunswick (BNB).

Business New Brunswick has agreed to provide a loan guarantee while FAME has agreed to provide loan insurance. Canadian Imperial Bank of Commerce (CIBC), the company’s current lender, has also approved an extension and amendments to Twin Rivers Paper's existing revolving credit facility.
"This support from FAME and BNB and the continued support of CIBC are expected to provide the momentum to allow us to continue towards our strategic objectives while affording greater financial flexibility to manage our business,” said Wayne Johnson, Vice President of Finance.

The funds from the financing will be used to finance working capital requirements in support of the company’s strategic initiatives.

PULPAPERnews - SUECIA - 23 enero 2012