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REPAP REACHES AGREEMENT WITH LENDERS

 MONTREAL, Sept. 2 /PRNewswire/ -- Repap Enterprises today announced that a two-year deferral agreement has been concluded with the senior lenders of its subsidiary Miramichi Pulp and Paper Inc. (MPPI). Miramichi's lenders have agreed to defer 1994 and 1995 principal repayments of $76 million and $43 million of long-term debt until 1996. The company said that this agreement provides flexibility and time to respond to an improving global economy.
 -0- 9/2/93
 /CONTACT: Daniel Veniez, vice president, corporate affairs of Repap Enterprises, 514-846-1316/


CO: Repap Enterprises ST: Quebec IN: PAP SU:

SM -- NY023 -- 8305 09/02/93 09:52 EDT
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Publication:PR Newswire
Date:Sep 2, 1993
Words:100
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