Neenah, Inc. announced that the Company has entered into a Term Loan Credit Agreement, providing a Term Loan B Facility of seven years in the amount of $200 million. The Facility is rated BBB-by S&P Global Ratings and Ba3 by Moody's Investors Service. Neenah also announced today that it is calling its outstanding 2021 notes for redemption in full on July 16, 2020. Proceeds under the new Facility will be used to redeem the $175 million of outstanding 5.25% 2021 notes, repay borrowings under the Company’s senior secured revolving credit facility, and for general corporate purposes. The Company also has amended its Global Asset Based Lending Agreement to reduce the revolving credit facility from $225 million to $175 million and make certain other changes related to the refinancing and resizing. The interest rate under the new Facility will be determined based on LIBOR or other published rates, with an expected initial rate of approximately 5.00%. The Term Loan Credit Agreement contains no financial maintenance covenants and includes other customary covenants for agreements of this nature. The Facility may be prepaid with a one percent call premium for the first 12 months, after which it may be prepaid, in whole or in part, without premium or penalty.

White liquor, a superheated chemical mixture used to break down wood into paper pulp, is at the center of the deadly tank implosion at the Nippon Dynawave paper mill in Longview. The facility employs a common process for making paper known as kraft or kraft pulping. In kraft pulping, wood chips are processed under high pressure and heat (anywhere from 300 to 330 degrees Fahrenheit) while being exposed to extremely caustic chemicals that cause the wood to break down into pulp. White liquor is one of the three main chemical solutions used in this paper-making process. It's a highly alkaline solution, similar to bleach, that will cause severe chemical burns if it comes into contact with skin.  White liquor is arguably the strongest and most important substance in kraft pulping. It's the first compound that the wood is exposed to, and it quickly breaks down the wood chips into a thick pulp. Almost half of the wood completely dissolves into the liquid. Ultimately this compound is extremely dangerous. The chemical solution is so hot and caustic that it will almost immediately cause second and third-degree burns upon contact with skin. Vapors released by white liquor are also flammable, and can cause damage to the eyes, lungs and throat if inhaled.

Please be advised that effective with shipments on or after January 15, 2018, Twin Rivers Paper Company will be implementing a US $40.00/ton price increase on our publishing papers, including: • Freesheet: Snowbrite Opaque, Custom Brite, Custom Plus, Custom Supreme, Twin Rivers Opaque, Twin Rivers Offset, Pharmopaque, Snowbrite Pharm, Pharm Brite 92 and all private label grades • Hybrid: Border Brite, Bridge Opaque, Bridge Supreme, Frontier Opaque, Frontier Supreme, Frabrite 76, all tablet/converting products and all private label grades.