09:06 AM EDT, 05/28/2025 (MT Newswires) -- Cascades (CAS.TO), a player in eco-friendly recovery, packaging, and hygiene products, on Wednesday said it will offer US$400 million of senior notes due 2030 in a private offering.

The company said the notes will be guaranteed by each of its existing and future U.S. and Canadian restricted units, subject to certain exceptions, on a senior unsecured basis.

Cascades will use the proceeds to redeem all of its outstanding US$206 million of 5.125% Senior Notes due Jan. 15, 2026. The company will also repay a portion of the borrowings outstanding under its revolving credit facility.

Shares of the company closed up 0.3% to $8.74 on Tuesday on the Toronto Stock Exchange.