Cascades to repay portion of revolver with proceeds from notes

By Sarah Lizee

Olympia, Wash., Nov. 12 – Cascades Inc. plans to repay some amounts outstanding under the company’s revolving credit facility using proceeds from new notes, according to a press release.

The company announced Tuesday that it plans to offer $300 million of senior notes due 2026, $300 million of senior notes due 2028 and C$175 million of senior notes due 2025.

Proceeds from the new notes will also be used redeem all of the company’s outstanding $400 million of 5˝% senior notes due 2022 and C$250 million of 5˝% senior notes due 2021.

Cascades makes packaging and tissue products that are composed mainly of recycled fibers. The company is based in Kingsey Falls, Quebec.

© 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.