Logo ofSaudi Paper Manufacturing Co. (SPM)
Saudi Paper Manufacturing Co. (SPM) amended today, Feb. 26, the credit facilities agreement with the Saudi Awwal Bank (SAB). The agreement has added a new medium-term financing of SAR 70 million to the existing SAR 100 million working capital facility, bringing the total facilities to SAR 170 million. 
In a statement to Tadawul, the company said the financing will restructure medium-term debt, boost cash flows, strengthen its financial position, and lower financing costs, with the working capital facility set for 12 months, renewable, and the medium-term financing spanning 48 months, including a three-month grace period.
Saudi Paper added that a promissory note covering the full value of the credit facilities has been provided as collateral, confirming that there are no related parties to the deal.
Logo ofSaudi Paper Manufacturing Co. (SPM)
Saudi Paper Manufacturing Co. (SPM) amended today, Feb. 26, the credit facilities agreement with the Saudi Awwal Bank (SAB). The agreement has added a new medium-term financing of SAR 70 million to the existing SAR 100 million working capital facility, bringing the total facilities to SAR 170 million.
In a statement to Tadawul, the company said the financing will restructure medium-term debt, boost cash flows, strengthen its financial position, and lower financing costs, with the working capital facility set for 12 months, renewable, and the medium-term financing spanning 48 months, including a three-month grace period.
Saudi Paper added that a promissory note covering the full value of the credit facilities has been provided as collateral, confirming that there are no related parties to the deal.
