The company will exhibit its full range of premium coated and uncoated papers for the publishing industry. Once again, Lecta will attend the Frankfurt Book Fair, October 11th to 15th, bringing together professionals worldwide at the largest publishing event of the year. This year, Lecta will present its new book "Vertical", a suggestive series of photographs taken vertically from a variety of perspectives and distances. The book is printed on Lecta's premium range of publishing papers, showing the excellent print results that can be achieved on a number of different papers. Click Read More below for additional detail.
Neenah, Inc. (NYSE: NP) announced today that it had completed the previously announced agreement to acquire Global Release Liners, S.L., the parent company of Industrias de Transformacion de Andoain, S.A. (“ITASA”), from Magnum Capital and other minority shareholders.
The Company funded the purchase price of approximately €205 million, inclusive of debt extinguishment and subject to customary closing adjustments, through available cash-on-hand and an upsizing of Neenah’s existing Term Loan B from $200 million to $450 million. Interest rates on the Term Loan B are variable and are currently at 3.5 percent. Neenah will continue to maintain a strong liquidity position, with ample availability under its revolving credit line and a projected debt to EBITDA of approximately three times after closing the transaction.