US EditionCascades Prices Offering of US$400 Million Senior Notes due 2030
- On May 28, 2025, Cascades Inc. Announced a private placement of US$400 million in senior debt securities maturing on July 15, 2030, which will be jointly issued with its U.S. Subsidiary, Cascades USA Inc.
- The offering aligns with the company’s strategy to use the proceeds to retire its outstanding US$206 million of 5.125% senior debt maturing on January 15, 2026, as well as to reduce amounts owed under its revolving credit facility.
- The notes bear a 6.750% interest rate, will be issued at 100% of principal, and rely on exemptions under U.S. Securities Act rules and Canadian accredited investor provisions.
- The offering is subject to customary closing conditions and expected to close on June 11, 2025, with sales restricted to qualified institutional buyers and non-U.S. Persons.
- Founded in 1964, Cascades operates 66 facilities in North America employing about 9,600 people, offering sustainable packaging, hygiene, and recovery solutions while emphasizing risk factors.
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The Conway Daily Sun+52 Reposted by 52other sources
Cascades Prices Offering of US$400 Million Senior Notes due 2030
KINGSEY FALLS, QC, May 28, 2025 /PRNewswire/ - Cascades Inc. (TSX: CAS) (the "Company") announced today that it has priced its private placement of US$400 million aggregate principal amount of 6.750% Senior Notes due July 15, 2030 (the "Notes"). Cascades…
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