Resolute
Forest Products Inc. today announced that it priced the offering of $600
million aggregate principal amount of its senior notes due 2023 (the "2023
notes") at 5.875% and 99.062% of par value.
The notes will be unsecured and guaranteed by substantially all of Resolute's U.S. subsidiaries.
The
offering of the 2023 notes is expected to close on May 8 , subject to customary
closing conditions, with net proceeds used to repurchase, repay or otherwise
discharge all, or substantially all, of its $501.2 million outstanding
aggregate principal amount 10.25% senior secured notes due 2018 (the "2018
notes"). The Company is currently conducting 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.
The notes will be unsecured and guaranteed by substantially all of Resolute's U.S. subsidiaries.
