G-P Completes Debt Refinancing
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Georgia-Pacific LLC, Atlanta, Ga., USA, this past week closed a new senior unsecured credit facility totaling $3.5 billion, which matures in 2016 and consists of a revolving credit facility, a domestic term loan, and an international term loan. G-P has used proceeds of the facility, along with proceeds from an equity contribution from Koch Industries, to "extinguish" all obligations under its existing senior secured credit facilities.
As a result of this refinancing, G-P's capital structure will be unsecured with the exception of its accounts receivable securitization facilities.
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