Orchids Paper Products Gets Lender Consent

Orchids Paper Products Gets Lender Consent

Orchids Paper Products said it and its lenders have agreed to amend their credit agreement to, among other things, strike the fixed charge coverage for the period ended June 30 and waive the cash reserve requirement, the company said late Wednesday. The company said it is currently exploring refinancing of some or all of its current outstanding indebtedness to increase financial flexibility and create greater available liquidity. “We continue to […]

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