Cascades said it has entered into an agreement with its banking syndicate, led by National Bank of Canada and Scotiabank as co-lead arrangers and joint book runners, to extend and amend certain conditions of its existing $750 million revolving credit facility.

The amendment provides that the term of the facility will be extended to July 2019 and that the applicable pricing grid will be slightly lowered to better reflect market conditions. The other existing financial conditions will remain essentially unchanged.