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Prospect News home > News index > List of issuers E > Headlines for Exopack Holding Corp. > News item
Published on 9/22/2006 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

North American forest products

Abitibi-Consolidated Inc.: B1; probability-of-default rating, B1, notes and debentures cut to B2 from B1, LGD4, 57%.

Ainsworth Lumber Co. Ltd.: B2; probability-of-default rating, B2, notes, B2, LGD4, 55%.

Altivity Packaging, LLC: B1, probability-of-default rating, B1, revolver, term loan, Ba3, LGD3, 39%; second-lien term loan, B3, LGD5, 87%.

Appleton Papers Inc.: B1; probability-of-default rating, B1, revolver, term loan raised to Ba2 from Ba3, LGD2, 20%, notes, B2, LGD4, 62%, subordinated notes, B3, LGD5, 89%.

Blue Ridge Paper Products, Inc.: B3, probability-of-default rating, B3, notes raised to B2 from B3, LGD3, 41%.

Boise Cascade, LLC: Ba3, probability-of-default rating, Ba3, revolver, term loan raised to Ba2 from Ba3, LGD3, 33%, notes B1, LGD5, 70%, subordinated notes, B2, LGD6, 91%.

Bowater Inc.: B1, probability-of-default rating, B1, notes, debentures and industrial revenue bonds cut to B2 from B1, LGD4, 60%.

Buckeye Technologies, Inc.: B2, probability-of-default rating, B2, revolver, term loan raised to Ba2 from B1, LGD2, 13%, notes raised to B2 from B3, LGD3, 48%, subordinated notes, Caa1, LGD5, 85%.

Caraustar Industries, Inc.: B2, probability-of-default rating, B2, notes cut to B3 from B2, LGD4, 69%.

Cascades Inc.: Ba2, probability-of-default rating, Ba2, revolver, term loan raised to Baa3 from Ba1, LGD2, 15%, notes, Ba3, LGD4, 69%.

Catalyst Paper Corp.: B1, probability-of-default rating, B1, credit facility raised to Ba1 from Ba3, LGD2, 13%, notes cut to B2 from B1, LGD4, 66%.

Cellu Tissue Holdings Inc.: B2, probability-of-default rating, B2, notes, B2, LGD4, 57%.

Chesapeake Corp.: B1, probability-of-default rating, B1, industrial revenue bonds raised to B1 from B2, LGD3, 48%, subordinated notes, B3, LGD5, 87%.

Domtar Inc.: B1, probability-of-default rating, B1, notes, debentures cut to B2 from B1, LGD4, 66%.

Exopack Holding Corp.: B2, probability-of-default rating, B2, notes cut to B3 from B2, LGD4, 61%.

Fraser Papers Inc.: Caa1, probability-of-default rating, Caa1, notes, Caa2, LGD4, 64%.

Georgia-Pacific Corp.: Ba3, probability-of-default rating, Ba3, credit facility, Ba2, LGD3, 36%, second lien term loan, Ba3, LGD3, 47%, Fort James notes, debentures, Georgia-Pacific notes, debentures, raised to Ba3 from B1, LGD3, 47%, Georgia-Pacific Canadian Financing, raised to Ba3 from B2, LGD3, 47%, notes, debentures, industrial revenue bonds, B2, LGD5, 87%.

P. H. Glatfelter Co.: Ba1, probability-of-default rating, Ba1, notes, Ba1, LGD4, 53%.

Graphic Packaging International Inc.: B1, probability-of-default rating, B1, credit facility raised to Ba2 from B1, LGD2, 27%, notes, B2, LGD4, 68%, subordinated notes, B3, LGD6, 93%.

Intertape Polymer Group: B1, probability-of-default rating, B1, credit facility raised to Ba2 from Ba3, LGD2, 29%, subordinated notes, B3, LGD5, 82%.

Mercer International Inc.: B2, probability-of-default rating, B2, notes raised to B2 from Caa1, LGD4, 51%.

Millar Western Forest Products Ltd.: B2, probability-of-default rating, B2, notes, B2, LGD4, 56%.

Multi Packaging Solutions, Inc.: B2, probability-of-default rating, B2, credit facility, B2, LGD3, 45%, second-lien term loan cut to Caa1 from B3, LGD6, 92%.

Neenah Paper Inc.: B1, probability-of-default rating, B1, revolver raised to Ba1 from Ba3, LGD2, 15%, notes cut to B2 from B1, LGD4, 69%.

Newark Group, Inc.: B2, probability-of-default rating, B2, revolver raised to Ba2 from B1, LGD2, 16%, notes, Caa1, LGD5, 79%.

NewPage Corp.: B2, probability-of-default rating, B2, term loan raised to Ba3 from B1, LGD2, 29%, secured notes, B3, LGD5, 73%, senior subordinated notes raised to Caa1 from Caa2, LGD6, 94%.

Norampac Inc.: Ba3, probability-of-default rating, Ba3, revolver raised to Ba1 from Ba2, LGD2, 22%, notes, B1, LGD5, 74%.

Packaging Dynamics Corp.: B1, probability-of-default rating, B1, term loan, Ba3, LGD3, 33%, subordinated notes, B3, LGD5, 86%.

Packaging Corp. of America: Ba1, probability-of-default rating, Ba1, credit facility, notes, Ba1, LGD4, 55%.

Pope & Talbot Inc.: B3, probability-of-default rating, B3, debentures, Caa2, LGD5, 86%.

Port Townsend Paper Co.: Caa1, probability-of-default rating, B2, secured notes, Caa1, LGD5, 82%.

RLC Industries Co.: Ba2, probability-of-default rating, Ba2, credit facility, Ba2, LGD3, 46%.

Rock-Tenn Co.: Ba2, probability-of-default rating, Ba2, credit facility, Ba2, LGD3, 40%, notes, Ba3, LGD4, 67%.

Smurfit-Stone Container Enterprises, Inc.: B1, probability-of-default rating, B1, credit facility raised to Ba1 from Ba3, LGD2, 15%, notes, industrial revenue bonds, B2, LGD4, 69%.

SP Newsprint Co.: B1, probability-of-default rating, B1, credit facility, B1, LGD3, 45%.

Tembec Inc.: Caa3, probability-of-default rating, Caa3, notes, Ca, LGD4, 59%.

Verso Paper Holdings LLC: B1, probability-of-default rating, B1, credit facility raised to Ba1 from Ba2, LGD2, 15%, second priority secured notes cut to B2 from B1, LGD4, 59%, subordinated debt, B3, LGD6, 91%.

White Birch Paper Co.: B2, probability-of-default rating, B2, credit facility raised to Ba3 from B1, LGD3, 31%, second lien term loan cut to Caa1 from B3, LGD5, 81%.

Xerium Technologies Inc.: B1, probability-of-default rating, B1, credit facility, B1, LGD3, 46%.


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