Nordic Paper a manufacturer of specialty paper (particularly kraft paper and greaseproof paper) based in Scandinavia with five plants, has entered into a new financing agreement following the acquisition of a controlling stake in the company by U.S.-based Strategic Value Partners in December.
The new credit lines include a 1.4 billion Swedish kronor term loan and a 65 million euro revolving credit line. No material impact on Nordic Paper’s net income or financial leverage is expected as a result of this new agreement. Like the previous financing, the new agreement’s term is until 2026.