07:12 AM EDT, 05/29/2025 (MT Newswires) -- Cascades (CAS.TO), a player in eco-friendly recovery, packaging, and hygiene products, overnight Wednesday priced its private placement of US$400 million of 6.750% Senior Notes due July 15, 2030.

The company said the notes, the sale of which is expected to close on June 11, will be issued at 100% of their principal amount. Along with the company, Cascades USA, a U.S. indirect wholly owned unit of CAS, will be a co-issuer in respect of the notes.

Proceeds from the offering will be used to redeem all of its outstanding US$206 million of 5.125% Senior Notes due Jan. 15, 2026, to repay a portion of the borrowings outstanding under its revolving credit facility and to pay related transaction fees and expenses.

Shares of the company closed up 0.2% to $8.76 on Wednesday on the Toronto Stock Exchange.