Resolute Forest to redeem all 4.875% notes due 2026 at 102.438

By William Gullotti

Buffalo, N.Y., Feb. 14 – Resolute Forest Products Inc. issued a conditional redemption notice for all $300 million of its outstanding 4 7/8% notes due 2026, according to an 8-K filed with the Securities and Exchange Commission.

The full redemption is subject to the satisfaction or waiver of the consummation of the July 5, 2022 merger agreement among the company, Domtar Corp., Terra Acquisition Sub Inc., Karta Halten BV and Paper Excellence BV.

The redemption is scheduled to occur March 1 at 102.438 plus accrued and unpaid interest.

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

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