Cascades Obtains a $200 Million Bank Financing.KINGSEY FALLS, QUEBEC--(BUSINESS WIRE)--March 26, 1997--CASCADES (ME;TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). CAS) Cascades Inc. announces that it has obtained a $200 million revolving long-term loan with a bank syndicate composed of the National Bank of Canada This article is about a commercial bank. For Canada's central bank, see Bank of Canada. National Bank of Canada (Banque Nationale du Canada) TSX: NA is the sixth largest bank in Canada, and so is one of the Big Six banks. , the Banque Nationale Banque Nationale (French: "National bank") may refer to:
and Credit Lyonnais Canada. The financing will be use to refinance certain financial instruments maturing in 1997 and to finance the company future developments. With annual sales of $2.1 billion and employing more than 8,000 people, Cascades Inc. is one of the world's most important industrial groups specialized in the production and conversion of packaging products, tissue papers and fine papers. Its modern and flexible mills are well positioned in complementary niche markets and allow the company to produce and convert more than 400 value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. products made mainly from recycled fibers. CONTACT: Cascades Inc. Mr. Andre Belzile, 819/363-5140 abelzile@cascades.com or Cascades Inc. Mr. Stephane Milot, 514/282-2600 smilot@cascades.com |
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