Wednesday 07. April 2010
Cascades Announces Purchase of Certain 7 1/4% Senior Notes due 2013 and 6 3/4% Senior Notes due 2013 in Cash Tender Offer
Cascades Inc. (CAS on the Toronto Stock Exchange), a leader in recovery and in green packaging and tissue paper products, announced today that, in accordance with the terms of its wholly owned subsidiary Cascades Tenderco Inc.’s previously announced tender offer for Cascades’ outstanding 7 1/4% Senior Notes due 2013 (the “7 1/4% Notes”) and 6 3/4% Senior Notes due 2013 (the “6 3/4% Notes” and, together with the 7 1/4% Notes, the “Notes”), Cascades Tenderco has today purchased approximately $1.0 million aggregate principal amount of 7 1/4% Notes and approximately $3.0 million aggregate principal amount of 6 3/4% Notes tendered as of 5:00 p.m. on April 5, 2010 (the “Early Tender Date”).