Thursday 18. October 2012
Neenah Paper to Call $58 million of 2014 Notes on November 15
Neenah Paper, Inc. (NYSE: NP) announced today that it has elected to conduct an early redemption (the “Partial Redemption”) of $58 million of its 7.375% Senior Notes due in 2014 (the “Notes”). The Notes will be purchased at par value on November 15, 2012 and will be financed by a combination of borrowings using the Company’s existing revolving credit facility and a new $30 million term loan. Both the revolver and term loan mature on November 30, 2017. As of June 30, 2012 there were $148 million of Notes outstanding.