Orchids Paper Products aims to price public sale of 1.5 million shares

Jefferies, Oppenheimer, Craig-Hallum Capital Group to assist with deal

By Devika Patel

Knoxville, Tenn., April 20 – Orchids Paper Products Co. said it will conduct a public offering of 1.5 million common shares with a 30-day greenshoe of 225,000 additional shares.

Jefferies LLC is the bookrunner. Oppenheimer & Co. Inc. and Craig-Hallum Capital Group are the co-managers.

Proceeds will be used to construct and operate a paper mill in Barnwell, South Carolina and for general corporate purposes.

Pryor, Okla.-based Orchids is an integrated manufacturer of tissue paper products.

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