Arctic Paper S.A. announces the successful completion of its refinancing process. The company has signed a term and revolving facilities agreement with a consortium of banks including BNP Paribas Bank Polska S.A., Santander Bank Polska S.A. and Bank Polska Kasa Opieki S.A. The agreement comprises of an investment term facility for a total amount of EUR 20,000,000 and a revolving facility for a total amount of EUR 60,000,000.

"The refinancing strengthens our financial position and supports our ongoing operations and strategic initiatives," says Michal Jarczyński, CEO, Arctic Paper S.A.

The refinancing was undertaken in the light of approaching repayment date of the existing term facility agreement concluded on April 2, 2021, which falls on the day five years after its conclusion.

For more detailed information about the terms of the agreement: Reports