Verso Lifts Temporary Order Moratorium

KP Tissue Inc. and Kruger Products L.P. announced that certain wholly-owned subsidiaries of KPLP have closed financing transactions to fund the previously announced expansion of its Sherbrooke operations. The financings, totalling $240 million, include the previously announced $165 million in investments by Investissement Québec, as well as a credit agreement between Kruger Products SB Inc. and National Bank of Canada, the Bank of Nova Scotia and CIBC who acted as co-lead arrangers and joint bookrunners. The credit agreement includes senior credit facilities in an amount of $75 million to be made available to KPSB. In connection with the financings, KPLP’s credit agreement with National Bank of Canada (acting as administrative agent) was amended to, amongst other things, increase the amount of permitted debt.

Q1/2018 (year-on-year) · Sales increased by 3.3% to EUR 2 579 (2 497) million, primarily due to favourable prices and the ramp-up of strategic investments. · Operational EBIT increased 72% to EUR 369 (215) million as announced on 13 April, mainly due to favourable prices and mix optimisation combined with continued successful ramp-ups of the strategic investments. · The operational EBIT margin was 14.3% (8.6%), the highest for any quarter since 2001. · EPS was EUR 0.35 (0.14). EPS excl. IAC increased to EUR 0.35 (0.17). · Balance sheet strengthened further and net debt was reduced by EUR 485 million; the net debt to operational EBITDA ratio improved to 1.3 (1.9). Click Read More below for additional information.

Stora Enso introduced NaturaFluff Eco to the market in 2021. This lower carbon footprint fluff pulp has now fulfilled the requirements and qualified for the Asthma Allergy Nordic label. Consumers are increasingly looking for products which are natural, safe to use and have a low environmental footprint. NaturaFluff Eco is an oxygen-delignified fluff pulp, which means that no bleaching chemicals are used in its production. As a result, the fluff pulp has a warm, natural beige colour and a more than 30% lower carbon footprint in comparison to traditional fluff pulp, without compromising on product performance. NaturaFluff Eco is perfectly suited for use in absorbent hygiene products, such as baby diapers, feminine hygiene, adult incontinence products, as well as in air-laid nonwoven materials such as napkins, table-tops and various pads.