Fortress Paper Ltd. announced that it expects to receive CAD 40 million in funding from Integrated Private Debt Corp.

Fortress Paper Ltd. (TSX:FTP) announced a private placement of secured loan of proceeds CAD 40 million from new investor Integrated Private Debt Corp. on January 20, 2017. The loan matures in 14 years and has an interest rate of 6% plus an account maintenance fee of 0.5% per annum.