White Birch to launch $550 million term loan B on April 12

By Sara Rosenberg

New York, April 5 - White Birch Paper Co. is scheduled to hold a bank meeting on April 12 to launch its proposed $550 million seven-year term loan B (B2), according to a syndicate document.

Credit Suisse is the lead arranger on the deal.

Proceeds from the new term loan will be used to refinance the company's senior secured first-lien term loan and senior secured second-lien term loan.

White Birch is a Toronto-based newsprint company.

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