White Birch seeks $130 million of incremental term loan debt

By Sara Rosenberg

New York, Jan. 12 - White Birch Paper Co. is in-market with $130 million of incremental term loan debt, according to a syndicate document.

Credit Suisse First Boston is the lead arranger on the deal.

The incremental debt is comprised of an $89 million add-on to the seven-year term loan B priced with an interest rate of Libor plus 325 basis points and a $41 million add-on to the eight-year second-lien term loan priced with an interest rate of Libor plus 750 bps, the document said.

The add-ons were launched with a bank meeting that took place Tuesday.

Proceeds will be used for acquisition financing.

White Birch is a Toronto-based newsprint company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.