Cascades to redeem $100M of senior notes due 2028

Cascades Inc. (TSX: CAS) and its subsidiary Cascades USA Inc. have issued a notice of partial redemption for US$100 million in aggregate principal amount of their co-issued 5.375% Senior Notes due 2028, according to a press release from the company.

The redemption is scheduled for September 4, 2026, at a price of 100% of the principal amount, plus accrued and unpaid interest up to, but excluding, the redemption date.

Following the transaction, approximately US$345 million in aggregate principal amount of the notes will remain outstanding.

The Kingsey Falls, Quebec-based company said the partial redemption will be funded with available liquidity.

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