Appvion amends credit agreement for $20 million additional term loans

By Marisa Wong

Morgantown, W.Va., Feb. 21 – Appvion, Inc., a wholly owned subsidiary of Paperweight Development Corp., amended its existing credit agreement to provide for up to $20 million of additional term loans, according to an 8-K filing with the Securities and Exchange Commission.

The additional loans will have the same terms and be subject to the same conditions as the term loans already existing under the credit agreement.

Jefferies Finance LLC is the administrative agent with Fifth Third Bank as revolver agent, swingline lender and letter-of-credit issuer for the credit agreement originally dated June 28, 2013.

Appvion makes thermal, carbonless and security papers and is based in Appleton, Wis.

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