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On June 13, 2025, Cascades Inc. announced that its majority-owned subsidiary, Greenpac Mill, LLC, successfully amended its credit facility agreement, increasing the available revolving credit from US$150 million to US$250 million. The facility's maturity was also extended from December 2027 to June 2028, with all other terms remaining unchanged. The financing syndicate includes National Bank of Canada, M&T Bank, Bank of America, N.A., and Comerica Bank. This move provides Greenpac with enhanced financial flexibility to support operations at its Niagara Falls, NY-based facility, which manufactures lightweight containerboard using 100 percent recycled fibres.
Parties
Deal Type
Financing/InvestmentIndustry
OtherTransaction
$ 339,762,500Deal Status
ClosedClosing Date
13 June 2025