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06-03-2010

Treofan: Refinances its Senior Credit Facility

Treofan Group of Raunheim, Germany, Europe’s largest high-end BOPP film manufacturer, has refinanced its outstanding senior credit facility. After successfully completing a debt-to-equity swap last September, the Group has continued to deliver a strong operating performance throughout these difficult times. The senior revolving credit facility granted in 2006 by Goldman Sachs Lending Partners has been replaced by a new EUR 75 million revolving credit facility from a consortium of banks led by Deutsche Bank together with Commerzbank, and UniCredit.

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