Cascades Inc. completes a private offering of US$400M aggregate principal amount of 6.750% Senior Notes due 2030

On June 11, 2025, Cascades Inc. (“Cascades”) completed its previously announced private offering of US$400 million aggregate principal amount of 6.750% Senior Notes due 2030 (the “Notes”). Cascades USA Inc., a U.S. indirect wholly-owned subsidiary of Cascades, is a co-issuer in respect of the Notes with Cascades. The Notes will be guaranteed by each of the Company's existing and future U.S. and Canadian restricted subsidiaries (other than the co-issuer). 

The offering of the Notes was completed by Well Fargo Securities, LLC, National Bank of Canada Financial Inc., BofA Securities, Inc., Scotia Capital (USA) Inc., CIBC World Markets Corp., Rabo Securities USA, Inc., BMO Capital Markets Corp., RBC Capital Markets, LLC, TD Securities (USA) LLC, Comerica Securities, Inc. and Desjardins Securities Inc. as initial purchasers. Wells Fargo Securities, LLC acted as the representative of the of the initial purchasers in connection with the offering and sale of the Notes.

Cascades is a Quebec-based company that produces, converts and markets packaging and tissue products composed mainly of recycled fibres.

McCarthy Tétrault LLP advised the Representative as Canadian counsel, with a team led by Patrick Boucher that included Isabelle Nazon, Karolina Kasparov and Elizabeth Mu Tan Yu (Business), Richard O’Doherty and Étienne Guertin (Financing) and Fred Purkey (Tax).