When produced where the environmental impact of producing electricity is low, and where the forest is sustainably managed, paper from fresh fibres has lower environmental impact than paper from recycled fibres. That’s the conclusion of a new life cycle study made by IVL, Swedish Environmental Research Institute. The study uses a Life Cycle Assessment (LCA) methodology, comparing 100% fresh fibre-based paper produced at Holmen Paper in Sweden with 100% recycled-based paper produced with German production conditions. The study shows that paper based on fresh fibre has a lower environmental impact than recycled paper, not least when it comes to emissions. The study was also subject to a third-party review. Click "read more" below for additional information.
Following the announcement released on 29 January 2020, the Lecta Group (as defined below) is pleased to announce the completion of a comprehensive recapitalisation transaction (the “Recapitalisation”), as initially announced on 24 September 2019. The Recapitalisation was implemented via the transfer of Sub-Lecta S.A. to be indirectly held by a newly incorporated UK company, which will be known as Lecta Ltd (“New Lecta” and together with its subsidiaries, the “Lecta Group”), and the exchange of existing senior secured notes (“Existing SSNs”) to new longer dated debt instruments and equity. The Recapitalisation results in a materially improved capital structure for the Lecta Group, and will strongly position it as it enters the next phase of growth.
Furthermore, the Lecta Group is pleased to announce that it has entered into an agreement with NatWest Markets Plc to provide €115 million super senior facilities (“New SSF”) – consisting of a super senior €60 million term loan and a super senior €55 million revolving credit facility – to refinance and replace the Lecta Group’s existing €65 million super senior revolving credit facility. The incremental borrowing capacity under the SSF provides the Lecta Group with additional liquidity and financial flexibility, as it continues its transformation towards a specialty paper company.
more detail at: https://cmspro.lecta.com/Announcements/Lecta_Group_successfully_completes_Recapitalization,_04-02-2020.pdf