Log In | Become a Member | Contact Us


Leading printing executives into the future

Connect on Twitter | Facebook | LinkedIn

Featured:     European Coverage     Production Inkjet Analysis

SP Newsprint Reaches Forbearance Agreement With Its Lenders

Wednesday, July 13, 2011

Press release from the issuing company

GREENWICH, Conn., – SP Newsprint Co., LLC today announced that it has entered into a forbearance agreement with its revolving and term lenders.  Under the terms of the agreement, SP will be provided with additional liquidity and the lenders will forebear from exercising any rights or remedies that might otherwise have been available to them.  During the forbearance period, SP, its lenders and advisors will work to develop and implement a business plan for SP which will ensure its viability on a long-term basis.  

SP Newsprint Co., LLC is the fourth largest newsprint manufacturer in North America, with approximately 900,000 metric tons of newsprint production capacity.  SP operates mills in Dublin, Georgia and Newberg, Oregon and operates 22 recycling facilities through its subsidiary, SP Recycling Corporation.

 

Post a Comment

To post a comment Log In or Become a Member, doing so is simple and free

 

SHARE

Email Icon Email

Print Icon Print

Become a Member

Join the thousands of printing executives who are already part of the WhatTheyThink Community.

Copyright © 2016 WhatTheyThink. All Rights Reserved