Swm announces amendment to existing credit facility including new $350 million term loan b to finance proposed offer to acquire scapa group provides preliminary results for fourth quarter and full year 2020

Alpharetta, feb. 09, 2021 (globe newswire) -- swm international, inc. ("swm" or the "company") (nyse: swm) announced today that the company has entered into an amendment to its existing credit agreement to, among other things, add a new $350 million term loan b facility with a seven-year maturity.  the proceeds from the term loan b, together with up to $325 million under the company's existing revolving credit facility, will be used to finance acquisition costs related to the proposed offer to acquire scapa group plc (lse:scpa), which was announced on january 27, 2021.
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