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Abitibibowater INC. - English
AbitibiBowater responds to Steelhead and Fairfax financing proposal
April 17th, 2009
AbitibiBowater Inc. ("AbitibiBowater") and its Bowater Incorporated ("Bowater") subsidiary today responded to the announcement by Steelhead Partners, LLC and Fairfax Financial Holdings Limited (TSX and NYSE: FFH) regarding their intention to negotiate to arrange an aggregate of at least $50 million of additional funding to Bowater through Bowater's U.S. credit facility. The proposed financing is subject to negotiation of specific terms with the lending syndicate participating in Bowater's credit facility and execution of definitive agreements. "We appreciate Steelhead's and Fairfax's confidence and willingness to support our restructuring initiatives. AbitibiBowater's...
Source: Health Business Week (2009-04-17)
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