Atlas Holdings and Blue Wolf Capital Partners have refinanced Finch Paper

Lincoln International (“Lincoln”), a leading global mid-market investment bank, has announced the successful completion of a financing for Finch Paper LLC (“Finch” or the “Company”), a paper manufacturer jointly owned by Atlas Holdings LLC (“Atlas”) and Blue Wolf Capital Partners LLC (“Blue Wolf”). Headquartered in Glens Falls, New York, Finch is a fully integrated manufacturer and supplier of premium uncoated printing paper and other specialty paper products used for advertising materials, book publishing and business office uses.

Lincoln acted as exclusive financial advisor to the Company, Atlas and Blue Wolf and helped structure and negotiate a financing package which included a $35.0 million senior secured revolving credit facility, a $16.5 million senior secured term loan and an $8.0 million capital expenditure line. Proceeds from the transaction were used to refinance the Company’s existing debt, resulting in a meaningful reduction in the Company’s cost of capital. The financing also provides the Company with additional flexibility and financial support to fund investments in margin enhancement initiatives. The financing was provided by PNC Business Credit and Cole Taylor Business Capital. Terms of the financing were not disclosed.

About Finch Paper LLC

Founded in 1865, Finch Paper LLC is a leading producer of premium uncoated printing papers, manufacturing more than 250,000 tons per year from its integrated pulp and paper mill in Glens Falls, New York. Finch is recognized throughout the graphic design and printing industries for outstanding brightness, smoothness and print reproduction. The Company is also widely regarded for its customer service and its extensive stocking program, with more than 500 different items available for immediate shipment coast-to-coast. For additional information, please visit the Company’s website at www.finchpaper.com.

About Atlas Holdings LLC

Based in Greenwich, Connecticut, Atlas’ operations encompass more than 70 facilities and 9,000 employees worldwide. Its businesses are engaged in a broad spectrum of industries, including food and agriculture, wood products and building materials, pulp and paper manufacturing, packaging, capital equipment, and industrial and business services. Atlas specializes in the purchase of middle market companies — via carve-outs and corporate divestitures — in industries it knows well. Atlas works closely with its Operating Partners and management teams to build strong companies that can sustain long-term success. Visit www.atlasholdingsllc.com to learn more about Atlas.

About Blue Wolf Capital Partners

Blue Wolf Capital Partners LLC is a private equity firm that invests in companies in which effective management of relationships with complex constituencies, such as government and labor, can change organizations and create value. For additional information, please visit www.blue-wolf.com.

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