Smurfit-Stone To Strike $650M Exit Financing Deal

By Christie Smythe

Law360, New York (February 04, 2010, 3:56 PM ET) -- Bankrupt packaging company Smurfit-Stone Container Corp. has asked a judge to allow it to enter into a $650 million revolving credit facility deal as part of an exit financing package designed to serve the company’s cash needs as it emerges from Chapter 11 protection.

The company said in a motion filed Wednesday in the U.S. Bankruptcy Court for the District of Delaware that a group of financing companies including Deutsche Bank and JPMorgan Chase Bank affiliates have agreed to lead the effort in arranging for the...
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