THE SFK Pulp Fund has announced the execution of an engagement letter for the renewal of its $125,000,000 credit fa…
THE SFK Pulp Fund has announced the execution of an engagement letter for the renewal of its $125,000,000 credit facilities. The facilities are made up of a $25,000,000 operating facility for a period of three years, renewable thereafter annually and a five-year $37,500,000 term loan at a floating rate with the National Bank of Canada. Also included is an eight-year $62,500,000 term loan at a floating rate with the Caisse de Dpt et Placement. Closing is anticipated to take place around September 30th, 2004, and is subject to a market-out clause in favour of the lenders in the event of a material adverse change in the capital market.
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