July 27, 2017 3:46 PM ET

Paper and Forest Products

Company Overview of KapStone Kraft Paper Corporation

Company Overview

KapStone Kraft Paper Corporation manufactures and sells craft papers, virgin kraft linerboard, containerboards, as well as recycled linerboard. It serves customers in the United States, Europe, South America, and Asia. The company was incorporated in 2006 and is based in Northbrook, Illinois. As of January 2, 2007, KapStone Kraft Paper Corporation operates as a subsidiary of KapStone Paper and Packaging Corporation.

1101 Skokie Boulevard

Suite 300

Northbrook, IL 60062-4142

United States

Founded in 2006

Phone:

847-239-8800

Fax:

847-205-7551

Key Executives for KapStone Kraft Paper Corporation

Chairman of the Board and Chief Executive Officer
Age: 82
President
Age: 60
President of KapStone Container Corporation
Age: 69
Vice President of Mill Sales and Customer Service
Vice President of Ride Rite
Compensation as of Fiscal Year 2017.

KapStone Kraft Paper Corporation Key Developments

KapStone Kraft Paper Corporation Enters into a Third Amendment to Second Amended and Restated Credit Agreement

KapStone Paper and Packaging Corporation, KapStone Kraft Paper Corporation, and the subsidiaries of Borrower named therein entered into a third amendment to second amended and restated credit agreement dated as of July 26, 2017, amending its second amended and restated credit agreement dated as of June 1, 2015 (as previously amended, the 'credit agreement') among Parent, Borrower, the Guarantors, the lenders named therein, Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, and Barclays Bank PLC and Wells Fargo Bank, National Association, as co-Syndication Agents. The amendment modified the financial covenant in the credit agreement related to maintenance of a maximum total leverage ratio by increasing the permitted total leverage ratio for fiscal quarters ending on September 30 and December 31, 2017 and March 31, 2018, and modified certain defined terms used in the calculation of the financial covenants in a manner favorable to Parent.

KapStone Kraft Paper Corporation Enters into First Amendment to the Second Amended and Restated Credit Agreement

On February 9, 2016, KapStone Paper and Packaging Corporation entered into the first amendment to the second amended and restated credit agreement by and among KapStone Kraft Paper Corporation, as borrower KapStone and certain subsidiaries of Borrower from time to time party thereto, as Guarantors, the lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer. The first amendment amends the credit agreement. The first amendment modifies, among other things, the financial covenant in the credit agreement related to maintenance of a maximum total leverage ratio by increasing the permitted total leverage ratio for fiscal quarters ending on or prior to June 30, 2018, and it modifies certain defined terms used in the calculation of the financial covenants in a manner favorable to KapStone. The first amendment also modifies the pricing grid applicable to interest rates and the unused commitment fee under the credit agreement in order to provide for an additional pricing level applicable based on the total leverage ratio of KapStone.

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