BRIEF-Clearwater Paper Enters Into Definitive Agreement To Sell Tissue Business To Sofidel America Corporation For $1.06 Billion-March 2024-www.financetom.com

BRIEF-Clearwater Paper Enters Into Definitive Agreement To Sell Tissue Business To Sofidel America Corporation For $1.06 Billion

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BRIEF-Clearwater Paper Enters Into Definitive Agreement To Sell Tissue Business To Sofidel America Corporation For $1.06 Billion

Jul 22, 2024 3:40 AM

July 22 (Reuters) - Clearwater Paper Corp ( CLW ):

* CLEARWATER PAPER ENTERS INTO DEFINITIVE AGREEMENT TO SELL

TISSUE

BUSINESS TO SOFIDEL AMERICA CORPORATION FOR $1.06 BILLION

* CLEARWATER PAPER CORP ( CLW ) - SELLS TISSUE BUSINESS FOR $1.06

BILLION

* CLEARWATER PAPER CORP ( CLW ) - TRANSACTION TO ACCELERATE ONGOING

EFFORTS TO DE-LEVER BALANCE SHEET BY MEANINGFULLY REDUCING NET

DEBT

* CLEARWATER PAPER CORP ( CLW ) - EXPECTS NET PROCEEDS OF $850

MILLION

* CLEARWATER PAPER CORP ( CLW ) - TRANSACTION EXPECTED TO CLOSE LATE

2024

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