Cascades announces US$400 million senior notes offering due 2030

Cascades Inc. has announced its intention to issue US$400 million in senior notes due in 2030 through a private offering targeted at qualified institutional buyers, exempt from registration in both the United States and Canada. The offering will be made via its subsidiary, Cascades USA Inc., which will act as co-issuer of the notes.

The notes will be guaranteed on a senior unsecured basis by the company’s restricted subsidiaries in Canada and the U.S., with certain exceptions. Subsidiaries outside North America, joint ventures, and special purpose vehicles will not provide guarantees.

 

Proceeds from the offering will be used to fully redeem the company’s outstanding US$206 million in 5.125% senior notes due January 2026, repay part of its revolving credit facility, and cover related transaction fees and expenses.

The company emphasized that this announcement does not constitute an offer to sell or a solicitation to buy any securities and is intended for informational purposes only, in accordance with applicable regulations.