Clearwater Paper calls all 5 3/8% notes due 2025 for redemption

Chicago, Oct. 30 – Clearwater Paper Corp. called for early redemption the $270 million outstanding 5 3/8% senior notes due 2025, according to an 8-K filing with the Securities and Exchange Commission.

The redemption date will be Nov. 27.

The company will pay an aggregate $2.7 million redemption premium and $4.7 million in unpaid interest when the notes are redeemed.

Funding for the redemption is coming from a new credit facility with AgWest Farm Credit PCA, cash on hand and a draw on the company’s revolver.

Clearwater Paper is a Spokane, Wash.-based pulp and paper product manufacturer.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.