SP Newsprint Co. LLC, Dublin, Ga., has entered into a forbearance agreement with its revolving and term lenders. SP Newsprint Co. will be provided with additional liquidity and the lenders will forego from exercising any rights or remedies that might otherwise have been available to them.
During the forbearance period, the company, its lenders and advisors will work to develop and implement a business plan for SP Newsprint Co. which will ensure its viability on a long-term basis.
In addition to the Dublin location, the company also operates a newsprint mill in Newberg, Ore. The two mills combined produce around 900,000 metric tons of recycled-content newsprint per year. The company, through its SP Recycling Corp., subsidiary, operates 22 recycling facilities throughout the United States.
Latest from Recycling Today
- Kuraray America receives APR design recognition for EVOH barrier resin
- Tire Industry Project publishes end-of-life tire management guide
- Des Moines project utilizes recycled wind turbine blades
- Charter Next Generation joins US Flexible Film Initiative
- Vecoplan to present modular solutions at IFAT 2026
- Terex Ecotec appoints Bradley Equipment as Texas distributor
- Greenwave raises revenue but loses money in Q2 2025
- Recycled steel prices hold steady
