ANNOUNCED AS TEMPORARYNo
On February 20, 2014, the province of Newfoundland and Labrador finalized a Can.$110-million (U.S.$85.3 million) loan agreement with Corner Brook Pulp and Paper. The main objective of the loan was to refinance existing debt and working capital. The longer-term objective is to carry out capital projects that will reduce costs, improve productivity and increase the mill's competitiveness on the global newsprint market.
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