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Cascades Secures $750M Credit Facility

Quebec-based packaging and tissue products group, Cascades, has received a new $750 million revolving credit facility from a syndicate of banks.

Quebec-based packaging and tissue products group, Cascades, has received a new $750 million revolving credit facility from a syndicate of banks. The company has consolidated its existing revolving and term credit facilities to secure the new loan, due in February 2015.

The syndicate of banks that providing the loan include National Bank Financial, Scotia Capital, Canadian Imperial Bank of Commerce, Caisse Centrale Desjardins and Wells Fargo. The new facility reduces Cascades’ cost of borrowing and improves its financial flexibility.

Click here for the release from PR Newswire.

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