Tuesday, 24 September 2024
Home GreenFirst Announces $24 Million Financing for Kap Paper

The following content is a news release distributed by . The original news release may be found here.

GreenFirst Announces $24 Million Financing for Kap Paper

TORONTO--(BUSINESS WIRE)--GreenFirst Forest Products Inc. (TSX: GFP) (“GreenFirst” or the “Company”) announces Kap Paper Inc. (“Kap Paper”), a wholly owned subsidiary of GreenFirst, has entered into a loan agreement with a third party establishing a non-revolving term loan facility of up to $24 million to support its paper mill operations in the town of Kapuskasing. The loan is to be used for general working capital purposes. “The financing will afford us the opportunity to move forward our lon...

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