Resolute Enters Into New ABL Credit Facility
Troutman Sanders was mentioned in multiple May articles ( Pulp-paperworld, Stockwatch and others) about Resolute Forest Products Inc., a global leader in the forest products industry – which makes newsprint, specialty papers, market pulp and wood products – announcing that it has entered into a five-year credit agreement for a senior secured asset-based revolving credit facility with an aggregate lender commitment of up to $600 million. This facility replaces the company’s previous $665 million senior secured asset-based revolving credit facility.
Atlanta partner Hazen Dempster and Raleigh associate Justin Wood, along with attorneys at McCarthy Tetrault LLP, represented Resolute in the deal.