If you ask Kerry Brown for her best manufacturing career advice, it’s simple: “Don’t wish away the work.” This attitude — and the work she has done — have propelled Brown up the career ladder. Now she’s Ashdown Mill’s A1 fluff pulp machine superintendent and recent winner of the Paper Industry Management Association’s (PIMA’s) Superintendent of the Year award. “Spend time at each job learning all you can and mastering it before worrying about what your next job might be,” she advises young people considering a manufacturing career. “If you’re worried about what you’ll be doing next, you’re not going to be focused on the task at hand. If you try to progress too fast, you won’t have strong experience to fall back on in the future.” Brown is making the most of her time at Domtar. In 1997, she graduated from Miami University of Ohio with a bachelor’s degree in pulp and paper engineering and joined Ashdown Mill as an entry-level engineer. Since then, she has worked across the mill’s four paper and pulp machines serving in roles ranging from technical assistant to shift supervisor to machine superintendent. 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