Norske Skog is launching an offer (i) to holders of the senior notes due in 2016 for new unsecured notes due in June 2019 and (ii) to holders of the senior notes due in 2017 into a mix of new unsecured notes due in June 2026 and perpetual notes. Concurrently, Norske Skog is soliciting consents of holders of the 2016, 2017, 2021 and 2023 notes to amend the terms and conditions of their existing notes. The purpose is to achieve a maturity extension, debt reduction and one common governing law of the group's international bond loans. A successful completion of the transactions would materially strengthen our medium-term capital structure by realizing immediate de-leveraging, substantially improve our equity position, reduce the cash interest level and extend material debt maturities.
Headquartered in Cohoes, New York, Mohawk is North America’s largest privately-owned manufacturer of fine papers and envelopes which are used for commercial and digital printing, social stationery, high-end direct mail and packaging. With a culture of innovation reaching back to its beginning in 1931, Mohawk is committed to providing materials that help make every printed project more beautiful, effective and memorable. A family-owned business since its inception, Mohawk serves the creative needs of designers, brand-owners and printers in more than 60 countries around the globe.
A leader in environmentally and socially responsible paper making since the 1980s, Mohawk sources pulp responsibly, conserves the water its craft relies on and harnesses wind power for its mills. Many of Mohawk’s recycled and virgin papers are certified by Green Seal and the Forest Stewardship Council (FSC). Mohawk was the first U.S. manufacturer of commercial printing papers to match 100% of its electricity with wind power renewable energy credits (RECs) and the first U.S. premium paper mill to shift toward carbon neutral production.
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