Pushing to quickly reduce debt, Caraustar shuts Chattanooga URB mill, sells wallboard paper plant share to Temple-Inland

摘要

Caraustar this week made two moves aimed principally at debt reduction, shutting the 60,000 tons/yr Chattanooga, TN, uncoated recycled board (URB) mill and selling a 50% share in the Premier Boxboard gypsum wallboard facing paper mill. Caraustar also hired J.P. Morgan Securities to advise and "assist in evaluating its financial alternatives" as Caraustar faces a 192.1 million debt payment next June that it wants to refinance.