Resolute Forest to redeem $375 million 5 7/8% senior notes due 2023

By Taylor Fox

New York, Jan. 19 – Resolute Forest Products Inc. plans to redeem all of its outstanding $375 million 5 7/8% senior notes due 2023, according to a news release.

The company expects to instruct the trustee to issue a redemption notice schedule to occur around Feb. 18.

The notes are expected to be redeemed at par plus unpaid interest.

The redemption will be funded using proceeds from an announced $300 million offering together with cash on hand and/or borrowings under its ABL credit facility and/or its senior secured credit facility.

Resolute is a Montreal-based pulp, paper, tissue and wood products manufacturer.

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