Appvion, formerly Appleton Papers, announced it has entered into a $435 million senior secured credit facility, which includes a $335 million six-year first lien term loan facility and a $100 million 5-year revolving credit facility.

The company said the senior secured credit facility has been established pursuant to a first lien credit agreement by and among Appvion, Paperweight Development and other guarantor parties, Jefferies Finance, as joint lead arranger, joint book runner and administrative agent, Fifth Third Bank, as joint lead arranger, joint book runner, revolver agent and swing line lender and L/C lender, KeyBank, as joint lead arranger, joint book runner and documentation agent and the other lenders party thereto.

Appleton, WI-based Appvion is a manufacturer that creates product solutions through its development and use of coating formulations, coating applications and Encapsys microencapsulation technology. The company has operations in WI, OH & PA; employs 1,700 people and is 100% employee-owned.