Resolute completes amendment and extension of its abl credit facility

Us $ montrÉal, dec. 15, 2021 /prnewswire/ - resolute forest products inc. (nyse: rfp) (tsx: rfp) today announced a reset of the five-year maturity of its senior secured asset-based revolving credit facility ("abl credit facility") with an aggregate lender commitment of up to $450 million at any time outstanding, subject to borrowing base availability based on specified advance rates, eligibility criteria and customary reserves. the facility also includes an environmental, social and governance ("esg") module with targets to be agreed upon with the bank syndicate, which upon activation will impact abl pricing.
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