Resolute Launches Senior Notes, Tender Offer

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Resolute Announces Proposed Offering of Senior Notes

Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced that it has launched a private offering for $600 million aggregate principal amount of senior notes due 2023. The notes will be unsecured and guaranteed by substantially all of Resolute's U.S. subsidiaries. The net proceeds from the sale of the 2023 notes will be used in connection with the repurchase, repayment or other discharge of all, or substantially all, of the $501.2 million outstanding aggregate principal amount of the Company's 10.25% senior secured notes due 2018. The Company has contemporaneously launched a tender offer for the 2018 notes, which offer is scheduled to expire at 12:00 midnight, New York City time, on May 21, 2013, unless extended by the Company. 
Resolute Launches Tender Offer and Consent Solicitation for its 10.25% Senior Secured Notes

Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced that it has launched a cash tender offer for any and all of its $501 million outstanding aggregate principal amount of 10.25% senior secured notes due 2018 (CUSIP No. 003687AB6) (the "2018 notes").  In connection with the tender offer, Resolute is soliciting consents to amend the 2018 notes and the indenture that governs them to eliminate substantially all the restrictive covenants and certain events of default, and to release all the collateral securing the 2018 notes.  The tender offer and consent solicitation are being made pursuant to an offer to purchase and consent solicitation statement, dated April 24, 2013 (the "offer to purchase"), which more fully sets out the terms and conditions of the tender offer and consent solicitation.