Brief: Kruger Products To Invest $575 Million To Build A New Tissue Plant

KP Tissue

16/08/2018 19:42

KP Tissue Inc  KPT.TO :
    * KRUGER PRODUCTS TO INVEST $575 MILLION TO BUILD A NEW
TISSUE
PLANT
    * KP TISSUE INC - CONSTRUCTION OF PROJECT IS EXPECTED TO
BEGIN IN
EARLY 2019, AND PLANT IS SLATED TO COMMENCE PRODUCTION IN EARLY
2021
    * KP TISSUE -  PROJECT EXPECTED TO BE FINANCED WITH 40%
EQUITY,
60% DEBT IN NEWLY-CREATED, UNIT OF KPLP
    * KP TISSUE - EQUITY EXPECTED TO BE FUNDED BY IQ INVESTMENT
OF
$105 MILLION VIA SUBSCRIPTION TO CONVERTIBLE DEBENTURE
    * KP TISSUE INC -  KRUGER PRODUCTS EXPECTS TO OBTAIN
FINANCING FOR
REMAINING EQUITY

Source text for Eikon:  ID:nCNWQRzvpa 
Further company coverage:  KPT.TO