Tembec closes 'loose end' on its recapitalization effort

摘要

Tembec filed a motion under Ch 15 to make the recapitalization its shareholders approved in Canada earlier this year apply in the USA, the company said Thursday. The effort is the final step in its recapitalization on Feb 27 that helped Tembec, a major market pulp producer, generate additional liquidity while reworking its debt service.