Date Closed

August 17, 2020

Lead Office

Montréal

Value

300.00 Million USD

On August, 17, 2020, Cascades Inc. (Cascades), completed its previously announced offering of US$300 million aggregate principal amount of 5.375% Senior Notes due 2028 (the New Notes). Cascades USA Inc., a U.S. indirect wholly-owned subsidiary of Cascades, is a co-issuer in respect of the New Notes with Cascades. The New Notes are issued as additional noted under the indenture dated November 26, 2019, pursuant to which the issuers previously issue US$300 million aggregate principal amount of the issuers’ 5.375% Senior Notes due 2028 (the Existing Notes). The New Notes will be treated as a single series with the Existing Notes and will have the same terms.

The offering of the New Notes was completed by Well Fargo Securities, LLC, as initial purchaser and which acted as exclusive dealer manager.

Cascades is a Quebec-based company that produces, converts and markets packaging and tissue products composed mainly of recycled fibres.

McCarthy Tétrault LLP advised Well Fargo Securities, LLC, as Canadian counsel, with a team led by Patrick Boucher that included Richard O’Doherty, Andrew Parker, David Frost, Isabelle Nazon and Karl Bherer (Business), Joanna Rosengarten, Cindy Vaillancourt and Amelia Fong (Environment), Diana Theophilopoulos and Jacques Rousse (Labour and Employment), Marc-Alexandre Hudon (Regulatory), Véronique Wattiez Larose and Ellen Chen (IP/IT), Marie-Soleil Landry and Quentin Lageix (Tax).