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Cascades Inc. Announces Early Tender Results, Pricing and Upsizing of Modified Dutch Auction Tender Offers for Its 5.375% Senior Notes Due 2028 and 5.125% Senior Notes Due 2026
Cascades Inc. Announces Early Tender Results, Pricing and Upsizing of Modified Dutch Auct...
About this update from Cascades Inc.
[{"type":"text","content":"\n \n \n \n Cascades Inc. Announces Early Tender Results, Pricing and Upsizing of Modified Dutch Auction Tender Offers for Its 5.375% Senior Notes Due 2028 and 5.125% Senior Notes Due 2026\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n KINGSEY FALLS, QC\n \n ,\n \n Nov. 9, 2021\n \n /CNW Telbec/ - Cascades Inc. (\"Cascades\") (TSX: CAS) today announced that as of\n \n 5:00 p.m.\n \n ,\n \n New York City\n \n time, on\n \n November 9, 2021\n \n (the \"Early Tender Date\"),\n \n $154,658\n \n ,000  aggregate principal amount of its 5.375% Senior Notes due 2028 (the \"2028 Notes\") and\n \n $144,434\n \n ,000  aggregate principal amount of its 5.125% Senior Notes due 2026 (the \"2026 Notes\" and, together with the 2028 Notes, the \"Notes\") had been validly tendered and not validly withdrawn prior to the Early Tender Date, in accordance with the previously announced cash tender offers (the \"Tender Offers\").  Cascades has determined to increase the aggregate principal amount of Notes sought to\n \n $299,092,000\n \n .   Capitalized terms used herein but not otherwise defined have the meanings ascribed to them in the Offer to Purchase, dated\n \n October 27\n \n , 2021.\n \n \n The Company intends to accept for purchase (i)\n \n $154,658,000\n \n aggregate principal amount of 2028 Notes validly tendered and not validly withdrawn (and has increased the 2028 Notes Sublimit accordingly) for Total Consideration of\n \n $1,057.50\n \n per\n \n $1,000\n \n principal amount of Notes (reflecting a Base Price of\n \n $1,045.00\n \n plus a Clearing Premium of\n \n $12.50\n \n , and which includes an Early Tender Premium of\n \n $30.00\n \n ), plus accrued interest to the date of repurchase and (ii)\n \n $144,434,000\n \n aggregate principal amount of 2026 Notes validly tendered and not validly withdrawn (and has increased the 2026 Notes Sublimit accordingly) for Total Consideration of\n \n $1,062.50\n \n per\n \n $1,000\n \n principal amount of 2026 Notes (reflecting a Base Price of\n \n $1,055.00\n \n plus a Clea...