Clearwater Paper to redeem all 7 1/8% senior notes with new offering

By Tali Rackner

Norfolk, Va., July 24 – Clearwater Paper Corp. plans to redeem all of its outstanding 7 1/8% senior notes due 2018 with the proceeds from a senior notes offering, according to a press release.

The redemption will also be funded with company funds and borrowings drawn under the company’s revolving credit facility.

Clearwater is a Spokane, Wash.-based paper and cardboard manufacturer.

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