Click here for Pulp & Paper Radio International
The Paperitalo Library
Free Downloads
My Profile
Cascades Inc.

Kingsey Falls, Quebec, Canada, 06 April 2010 — Cascades Inc. (CAS on the Toronto Stock Exchange), a leader in recovery and in green packaging and tissue paper products, announced today that, in accordance with the terms of its wholly owned subsidiary Cascades Tenderco Inc.'s previously announced tender offer for Cascades' outstanding 7¼% senior notes due 2013 and 6¾% senior notes due 2013, Cascades Tenderco has today purchased approximately CAD 1.0 million aggregate principal amount of 7¼% notes and approximately CAD 3.0 million aggregate principal amount of 6¾% notes tendered as of 5:00 p.m. on 05 April 2010 (the early tender date).

Excluding notes held by Cascades and its affiliates (including Cascades Tenderco), approximately CAD 9.1 million aggregate principal amount of 7¼% notes and CAD 8.7 million aggregate principal amount of 6¾% notes remain outstanding. Such notes may be validly tendered until the expiration date of the tender offer, which is currently 9:00 a.m., Eastern Time, on 20 April 2010. At that time, Cascades Tenderco expects to accept for purchase any remaining notes validly tendered after the early tender date.

Founded in 1964, Cascades produces, converts, and markets packaging and tissue products composed mainly of recycled fibers. Cascades employs close to 12,500 employees who work in more than 100 production units located in North America and Europe. Cascades' management philosophy, its 45 years of experience in recycling, and its continued efforts in research and development are strengths that enable the company to create new products for its customers. Cascades' shares trade on the Toronto stock exchange under the ticker symbol CAS.


Related Articles:

Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: