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Arctic Paper S.A. ( (PL:ATC) ) has shared an announcement.
Arctic Paper S.A. has successfully completed its refinancing process by securing a term and revolving facilities agreement with a consortium of banks, including BNP Paribas Bank Polska S.A., Santander Bank Polska S.A., and Bank Polska Kasa Opieki S.A. This agreement, which includes a EUR 20 million investment term facility and a EUR 60 million revolving facility, aims to strengthen the company’s financial position and support its strategic initiatives, as it approaches the repayment date of a previous agreement.
More about Arctic Paper S.A.
Arctic Paper Group is a European company specializing in high-quality graphical fine paper, bio-based packaging solutions, high-quality wood pulp, and energy, with a growing focus on non-fossil sources. The company operates sales offices across Europe and is listed on the Warsaw Stock Exchange and NASDAQ in Stockholm. It also holds a significant ownership stake in the Swedish pulp producer Rottneros AB.
For a thorough assessment of ATC stock, go to TipRanks’ Stock Analysis page.