Orchids Paper Products increased its total loan commitments with U.S. Bank from $167.2 million to $176.1 million.

The amendment also increased the amount each lender is committed to make available, modified the pricing grid applicable to interest rates and the unused commitment fee under the credit agreement in order to provide for an additional pricing level applicable based on the total leverage ratio of the company and amended the financial covenant in the credit agreement related to maintenance of a maximum total leverage ratio by increasing the permitted total leverage ratio for fiscal quarters ending on or prior to March 31, 2018.

Obligations under the credit agreement remain secured by substantially all of Orchid’s assets.