Cascades extends $750 million revolver to July 2019, lowers pricing

By Tali Rackner

Norfolk, Va., July 7 – Cascades Inc. amended its existing $750 million revolving credit facility on Tuesday, extending the term to July 2019 and lowering pricing, according to a press release.

National Bank of Canada and Scotiabank are co-lead arrangers and joint bookrunners.

Other existing financial conditions will remain essentially unchanged.

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

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