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Tembec closes on cellulose plant upgrade
03 July 2012
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[cellulose]
[quebec]
Canadian forestry products manufacturer Tembec has closed a C$30 million ($30 million) debt financing with Integrated Private Debt Corporation for an upgrade to its Temiscaming cellulose plant. The loan has an all-in rate of 6.35%, or 425bp over the equivalent government of Canada bond yield, whichever is higher. The...
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