Resolute Forest Products Inc. announced that it has entered into an amended and restated senior secured credit agreement for up to $360 million, replacing the company's existing $185 million senior secured credit facility. The amended and restated credit agreement includes a term loan facility of up to $180 million and a six-year revolving credit facility of up to $180 million. The term loan facility is available with a delayed draw period of up to three years, and the choice of maturities of six to ten years from the date of drawing. "This renewal and upsize gives us an additional $175 million of liquidity – for over $740 million in total – and at very competitive rates, flexible terms and maturities of up to 13 years.
Ahlstrom-Munksjö, a global leader in fiber-based materials, has renewed its EcoVadis Gold rating level for the company’s sustainability management and performance for the third consecutive year.
EcoVadis is one of the leading systems for evaluating suppliers’ environmental aspects, working conditions, social responsibility, and procurement practices.
The EcoVadis method is based on internationally adopted principles for sustainability reporting, such as the Global Reporting Initiative, United Nations Global Compact and ISO 26000, and is audited by independent sustainability experts.
With a corporate social responsibility engagement level assessed as advanced, Ahlstrom-Munksjö is in the top 1% of suppliers assessed, regardless of their industry.
“We use EcoVadis to meet our customers’ needs and support active cooperation with them to secure a more sustainable supply chain. Our third consecutive Gold rating is a result of excellent performance within environmental impact, labor practices, fair business practices and sustainable procurement. Our rating allows us to communicate an independent view on our excellent performance. I would also this year like to thank all our stakeholders, both internal and external, who have contributed to the achievement” says Heli Nykänen, Manager Group Sustainability and Capital Investments.