SFK Pulp obtains a waiver from its lenders
July 28, 2009 By Pulp & Paper Canada
SFK Pulp has reached an agreement with its lenders to amend its existing credit agreement. The amendment provi…
SFK Pulp has reached an agreement with its lenders to amend its existing credit agreement. The amendment provides for a waiver of the interest coverage ratio through June 30, 2010.
“This agreement was a key element of our plan to manage SFK Pulp through historic market conditions. We will continue to prudently manage liquidity as we see signs of recovery in the demand for our pulp,” says Pierre Gabriel Côté, president and CEO.
SFK Pulp is a producer and marketer of premium virgin and recycled kraft pulp, and operates three mills in Saint-Félicien, Que., Fairmont, W.V., and Menominee, Mich.
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