Date Closed

August 9, 2011

Lead Office

Montréal

Value

175.00 Million CAD

On August 9, 2011, Kruger Products L.P. completed an offering by way of private placement of C$175 million aggregate principal amount of 8.0% senior unsecured notes due August 9, 2018. The net proceeds from the offering were used to repay certain outstanding indebtedness of Kruger Products and for general corporate purposes. The offering was underwritten by a syndicate of underwriters led by Scotia Capital Inc. (as sole book-runner) and included National Bank Financial Inc., RBC Dominion Securities Inc., TD Securities Inc., Merrill Lynch Canada Inc., CIBC World Markets Inc., Desjardins Securities Inc., HSBC Securities (Canada) Inc. and Laurentian Bank Securities Inc.

Kruger Products, headquartered in Montréal, Québec, is Canada's leading manufacturer and distributor of tissue, towel and napkin products