Kruger Products L.P. closes C$125M private placement of senior unsecured notes

Date Closed

April 24, 2018

Lead Office

Montréal

Value

125.00 Million CAD

On April 24, 2018, Kruger Products L.P. announced the completion of an offering of C$125 million aggregate principal amount of 6.00% senior unsecured notes, due April 24, 2025, by way of private placement. It used the proceeds to reduce the outstanding balance under its syndicated bank credit facility.

Kruger is Canada's leading manufacturer of tissue products for household, industrial and commercial use. Headquartered in Mississauga, Ontario, it operates 8 manufacturing plants across North America.

McCarthy Tétrault LLP advised Kruger with a team led by Andrew Parker and Marie-France Gagnon that included Fraser Bourne, Thomas Etienne, Eve Tessier and Louis-Charles Filiatrault.

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