Timber company Gunns has been granted an extension to its $340 million core syndicated lending facility and primary working capital facilities until December 31. The facility balance is expected to be progressively reduced as it completes asset sales and finalises the Bell Bay pulp mill project.
Carrie LaFrenz

Colorpak managing director Alex Commins wants to expand the printing company beyond its core business of folding cartons after bedding down the big Carter Holt Harvey business. The acquisition more than doubled Colorpak’s revenue to $106.1 million in the six months to December, but Colorpak’s earnings before interest, tax, depreciation and amortisation-sales ratio fell from 18.4 per cent to 10.1 per cent from a year earlier. Michael Bleby