Hygiene is a key factor in modern society today. Good health, together with an improved quality of life, is directly related to good hygiene. Our latest fact sheet examines the research and looks at which is the most hygienic way to dry hands, paper towels or electric hand dryers?
We are pleased to present the Two Sides Q3 Campaign Update. The report covers all of our latest results and successes.
Product packaging around the world is currently going through a transformation, with companies keen to move from single-use to more sustainable solutions. Read more at: https://twosides.info/documents/factsheets/6-What’s-More-Hygienic.pdf?utm_medium=email&utm_campaign=TSUK%20Nov%201&utm_content=TSUK%20Nov%201+CID_058a839741026ebda51b4eec13bfca33&utm_source=Email%20marketing%20software&utm_term=Read%20more
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*Net sales increased 11% to $134.4 billion in the second quarter, compared with $121.2 billion in second quarter 2022. Excluding the $0.3 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 11% compared with second quarter 2022. *Operating income increased to $7.7 billion in the second quarter, compared with $3.3 billion in second quarter 2022. *Net income was $6.7 billion in the second quarter, or $0.65 per diluted share, compared with a net loss of $2.0 billion, or $0.20 per diluted share, in second quarter 2022. *Operating cash flow increased 74% to $61.8 billion for the trailing twelve months, compared with $35.6 billion for the trailing twelve months ended June 30, 2022.
The American Forest & Paper Association President and CEO Heidi Brock issued the following statement regarding the recent strike of ILA workers across the U.S. East and Gulf Coast ports. “This strike will have serious consequences for the U.S. economy and the manufacturing sector, including industries like ours that rely heavily on port activity for exporting goods. Without access to ports, our member companies face tough choices, including whether to pause or shut down mills and facilities, putting high-paying jobs in rural areas at risk. “We urge the Biden Administration to work with the ILA and USMX to quickly bring an end to this strike and restore essential ports operations.”
The commitment letter provides for a new senior secured credit facility with funds managed by affiliates of Apollo of up to $900 million, to be comprised of an initial term loan facility of approximately $675 million, to be funded at the time of closing, and a delayed draw term loan facility of approximately $225 million, which will be available at the Company’s discretion at closing and during the six months following closing, subject to certain customary funding conditions. Net proceeds from the Term Loan Facility will be used to repay in full the outstanding principal of the Company’s five-year senior secured term loan facility maturing October 15, 2026, to purchase or redeem the 6.0% first lien notes due November 1, 2026 and to repurchase for cash up to 50% of the outstanding 2027 Notes. The Term Loan Facility will mature five years after the closing date and will bear interest at an annual rate equal to SOFR plus a margin of 5.0% with a floor of 150 basis points.