National Bank of Canada issues amended credit agreement to Kruger Products
Our Montreal office advised National Bank of Canada, as administrative agent to a syndicate of lenders, on an amendment to a credit agreement to Kruger Products SB Inc. in connection with Kruger Product’s C$111.5m investment for the installation of a light dry crepe (LDC) tissue machine and two converting lines. The addition of the LDC machine will double Kruger Products’ production capabilities in Sherbrooke, Quebec.
Kruger Products is a leading manufacturer of household, industrial and commercial tissue products, with production facilities in Canada and the United States. The recent commissioning of a new production site in Sherbrooke, coupled with the investment in the new LDC technology, will create a major premium-quality tissue-product manufacturing hub in North America.