Sappi signs new revolver, term loan

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

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Sappi signs new revolver, term loan

Banks signed into a refinancing for South African paper company Sappi last week, after the borrower completed a blowout $800m high yield bond issue in July. Sappi now has a new Eu209m revolver, as well as a Eu400m five year term loan.

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