Media Contact:
Michelle Murray
Chief Marketing Officer
Phone: 212.701.3614
Fax: 212.378.2410
mmurray@cahill.com

Legal News

Cahill Represents Tembec in New Asset-Based Credit Facility

Date: 11/18/15

Cahill represented Tembec, a manufacturer of forest products and a global leader in sustainable forest management practices with principal operations in Canada and France, in connection with its new asset-based secured credit facility, which consists of a $150,000,000 revolving credit facility and a $62,000,000 "first-in, last-out" term loan with Wells Fargo Capital Finance Corporation Canada, as administrative agent, and PNC Financial Bank, National Association, as syndication agent. The new asset-based loan facility replaces the Company's existing $175,000,000 revolving credit facility. Proceeds from the facility will be used in repay existing indebtedness and for general corporate purposes.

Media Contact:
Michelle Murray
Chief Marketing Officer
Phone: 212.701.3614
Fax: 212.378.2410
mmurray@cahill.com