Wells Fargo, Manufacturers and Traders Trust Company and Merrill Lynch, Pierce, Fenner & Smith served as co-lead arrangers and joint bookrunners on the amendment and extension of credit facilities for Greenpac Mill, a subsidiary of Cascades.
Greenpac Mill entered into an agreement to amend and restate its existing term loan and revolving credit facility, which were scheduled to mature in May 2021. The amended credit facilities will mature in December 2023.
The facilities consist of a $75 million term loan and a $50 million revolver. The principal amount outstanding under the term loan was reduced from $121 million to $75 million in connection with the amendment to the credit facilities.
