G-P renews financing program.G-P G-P Gel'fand - Pinsker (channel code) RENEWS FINANCING PROGRAM. Georgia-Pacific Corp., (G-P), Atlanta, Georgia, USA has completed the annual renewal of its US$ 800 million accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying borrowing program, which has been extended through December 9, 2005. The accounts receivable financing Accounts Receivable Financing A type of asset-financing arrangement in which a company uses its receivables - which is money owed by customers - as collateral in a financing agreement. The company receives an amount that is equal to a reduced value of the receivables pledged. program sells an interest in certain receivables of G-P's domestic business to banks and other entities. In July 2004, the US$ 900 million facility was reduced to US$ 700 million primarily due to the sale of its distribution business and nonintegrated pulp mills A pulp mill is a manufacturing facility that converts wood chips or other plant fiber source into a thick fiber board which can be shipped to a paper mill for further processing. in May. The size of the facility was increased to US$ 800 million with the current renewal. |
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