07:34 AM EDT, 10/28/2024 (MT Newswires) -- KP Tissue ( KPTSF ) over the weekend said Kruger Products (KPI) will sell $135 million of 6.625% senior unsecured notes due Nov 1, 2031 via a private placement.

KPI will use the proceeds to redeem all of its 6% senior unsecured notes due April 24, 2025 and for general corporate purposes. It will deliver today a notice of redemption of the 2025 Notes with a redemption date of Nov. 12.

KP Tissue ( KPTSF ) owns 12.6% of KPI.