Timothy P. Leybold - We believe it is necessary for us to obtain this...

We believe it is necessary for us to obtain this additional financing flexibility to meet our semi-annual bond interest payment and working capital needs for this 90 day period. While we are beginning to realize the favorable effect of recent industry pricing trends in the first quarter of 2006, we have experienced significantly higher energy costs at our U.S. Paper mill, as well as higher than expected fees to complete the re-audit of our prior financial statements.

Timothy P. Leybold

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Timothy P. Leybold Quotes

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We believe it is necessary for us to obtain this additional financing flexibility to meet our semi-annual bond interest payment and working capital needs for this 90 day period. While we are beginning to realize the favorable effect of recent industry pricing trends in the first quarter of 2006, we have experienced significantly higher energy costs at our U.S. Paper mill, as well as higher than expected fees to complete the re-audit of our prior financial statements. Timothy P. Leybold

They Said So®

Keywords

obtain additional financing flexibility meet semi-annual bond interest payment working capital day period beginning realize favorable effect recent industry pricing trends quarter experienced significantly higher energy costs paper mill expected fees complete -audit prior financial statements

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