|
| Home : Fortress Paper Receives Deferral on Investissement Quebec Loan |
|
Mar 31
2014 |
Fortress Paper Receives Deferral on Investissement Quebec Loan |
|
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 31, 2014) - Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) announced today that it has been granted a deferral on its upcoming principal payment under its $102.4 million project financing loan with Investissement Québec (the "IQ Loan") relating to its Fortress Specialty Cellulose Mill. The Company received, without penalty, a deferral of approximately $4.3 million in principal repayment which was payable in the second quarter of 2014. This principal payment deferral is in addition to the previously disclosed deferral of approximately $5.3 million in principal and interest payments which were payable during the first quarter of 2014 under the IQ Loan. The purpose of these deferrals is to provide the Company with greater financial flexibility and increased working capital. |
|
|
|
| Source:http://www.marketwired.com/mw/release.do?id=1893971&sourceType=3 |
| |
|
Related News
|
» Delphi Energy Announces Increased Credit Facility and Provides Operations Update
» Calyx Announces Non-Brokered Private Placement
|
|
|
