Cascades Inc. Initiates Partial Redemption of Senior Notes Due 2028

Cascades Inc. Announces Partial Redemption of Senior Notes

Cascades Inc., a prominent figure in the eco-friendly packaging and hygiene product industry, has recently revealed plans for a partial redemption of its 5.375% senior notes that are set to mature in 2028. This strategic move entails a redemption of approximately $100 million in aggregate principal amount, with the redemption taking effect on September 4, 2026. The company intends to execute this redemption at par, which will be 100% of the principal amount along with any accrued but unpaid interest up to that date.

With this decision, Cascades is set to reduce the outstanding aggregate principal amount of these notes to roughly $345 million. This partial redemption aligns with the corporation's comprehensive capital allocation and effective debt management strategies, which are designed to sustain the company's financial health. The funds for this redemption will be sourced from the corporation's available liquidity, showcasing Cascades' robust financial position and commitment to enhancing shareholder value.

Founded in 1964, Cascades has a legacy of providing innovative and sustainable packaging solutions. With a workforce of nearly 9,000 employees and a network of 60 operational facilities throughout North America, the company is well-established in the market. Their focus on participative management principles, coupled with decades of expertise in recycling processes, has resulted in the development of products that not only meet customer demands but also contribute positively to society and the environment.

The corporation acknowledges that certain statements regarding the notice of redemption are forward-looking and based on current expectations. Consequently, these statements may be susceptible to various risks and uncertainties that could lead to actual results deviating significantly from projections. Factors influencing these outcomes include changes in economic conditions, shifts in product demand, raw material cost fluctuations, and general market dynamics.

In summary, Cascades Inc.'s announcement regarding the partial redemption of its senior notes reflects the company's commitment to sound financial practices and strategic planning. By making use of its liquidity for this redemption, Cascades aims to strengthen its position in the eco-friendly packaging landscape while continuing to innovate and provide products that positively impact both consumers and the community at large.

For more information about Cascades Inc., their product offerings, and recent developments, you can visit their website or follow them on their investor relations platform. Their shares are publicly traded on the Toronto Stock Exchange, symbolized as CAS, representing a contemporary approach towards sustainability and responsibility in the packaging sector.