Resolute Closes $300 Million Senior Unsecured Notes Offering
USA - English
Share this article
US $
MONTRÉAL, Feb. 2, 2021 /PRNewswire/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced that it closed the private offering of $300 million aggregate principal amount of its 4.875% senior unsecured notes due 2026 (the
2026 Notes ).
In connection with the redemption of all $375 million aggregate principal amount of the Company s 5.875% Senior Notes due 2023 (the
2023 Notes ), the Company has placed the net proceeds of the closing of the 2026 Notes offering, together with cash on hand, into trust for the benefit of the holders of the 2023 Notes and has satisfied and discharged the indenture and notes relating to the 2023 Notes. The redemption of the 2023 Notes is scheduled to occur on February 18, 2021.
/PRNewswire/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced that it priced the private offering of $300 million aggregate principal.
Resolute Announces Proposed Offering of $300 Million Senior Unsecured Notes
News provided by
Share this article
US $
MONTRÉAL, Jan. 19, 2021 /PRNewswire/ - Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) (or the Company or Resolute ) today announced that it has launched a private offering for $300 million aggregate principal amount of senior unsecured notes due 2026 (the 2026 Notes ). The 2026 Notes will be unsecured and will be guaranteed by all of Resolute s current and future wholly-owned U.S. subsidiaries that guarantee the Company s senior secured asset-based revolving credit facility (the ABL Credit Facility ) and/or its senior secured credit facility (the Senior Secured Credit Facility ). Resolute expects to use the net proceeds from the offering of the 2026 Notes, together with cash on hand and/or borrowings under the ABL Credit Facility and/or the Senior Secured Credit Facility, to redeem all of the outstanding $375 million aggregate principal amount of its
Friday s analyst upgrades and downgrades - The Globe and Mail theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
1:29 am
Resolute Forest Products Inc. with ticker code (RFP) have now 4 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 7.5 and 4.75 with a mean TP of 5.81. With the stocks previous close at 6.32 this would imply there is a potential downside of -8.1%. The 50 day moving average now sits at 5.54 and the 200 moving average now moves to 4.15. The market cap for the company is $520m. Find out more information at: http://www.resolutefp.com
Resolute Forest Products Inc., together with its subsidiaries, operates in the forest products industry in the United States, Canada, Mexico, and internationally. The company operates through five segments: Market Pulp, Tissue, Wood Products, Newsprint, and Specialty Papers. The Market Pulp segment offers virgin and recycled bleached kraft pulp. The Tissue segment provides various tissue products, such as virgin paper products for the away-from-home and at-home markets