Key Developments: Cascades Inc (CADNF.PK)

CADNF.PK on OTC Markets Group

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29 Oct 2014
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Latest Key Developments (Source: Significant Developments)

Cascades Inc announces strategic optimization and expansion of Tissue Activities in Southeastern United States
Monday, 18 Aug 2014 09:15am EDT 

Cascades Inc:Says installation of new tissue converting facility in Wagram, North Carolina.This investment will reorganize and expand company's converting activities in Southeastern United States - a targeted area of growth for Corporation.Total estimated cost of project is $55 mln and the start-up is planned for end of 2014.  Full Article

Cascades Inc declares quarterly dividend
Tuesday, 12 Aug 2014 06:00am EDT 

Cascades Inc:Declares quarterly dividend of $0.04 per share to be paid Sept. 11 to shareholders of record at the close of business on Aug. 29.  Full Article

Cascades Inc announces sale of fine papers activities
Tuesday, 1 Jul 2014 12:21pm EDT 

Cascades Inc:Says it reaches agreement with Rolland Enterprises Inc., subsidiary of H.I.G. Capital for sale of its fine papers activities for $39.5 mln.Units covered by this transaction are Rolland Division, CTC Converting Centre, Fibres Breakey, de-inked bleached kraft pulp manufacturing plant.In accordance with the terms of transaction, Cascades will continue to work with new owner for the procurement of waste paper, and to ensure smooth transfer of ownership for employees, customers and suppliers.Three units employ some 425 workers and will operate under new company name Rolland Enterprises Inc.  Full Article

Cascades Inc announces successful completion of notes offering
Thursday, 19 Jun 2014 01:10pm EDT 

Cascades Inc:Completes previously announced offering of $550 mln aggregate principal amount of 5.50 pct Senior Notes due 2022 (US$Notes) and C$250 mln aggregate principal amount of 5.50 pct Senior Notes due 2021 (Cdn$ Notes and, together with US$ Notes, Offered Notes).  Full Article

Cascades upsizes and prices offering of $550 mln senior notes due 2022 and C$250 mln senior notes due 2021
Thursday, 5 Jun 2014 04:32pm EDT 

Cascades Inc:Prices private placement of $550 mln aggregate principal amount of 5.50 pct senior notes due 2022 and C$250 mln aggregate principal amount of 5.50 pct senior notes due 2021.Intents to issue an aggregate principal amount of $500 mln of $ Notes and an aggregate principal amount of C$200 million of C$ Notes.$ Notes will be issued at a price of 100.000 pct of their principal amount and the C$ Notes will be issued at a price of 100.000 pct of their principal amount.Intends to use the net proceeds from the offering of the Notes to fund the purchase, pursuant to its previously announced tender offer, of any and all of its outstanding 7 ¾ pct Senior Notes due 2017 and 7 ¾ pct Senior Notes due 2016.Intends to use any remaining proceeds to redeem any and all 2017 Notes and 2016 Notes that remain outstanding following the consummation of the tender offer and to repay indebtedness outstanding under its credit facility.  Full Article

Cascades announces proposed private offering of $500 mln senior notes due 2022 and C$200 mln senior notes due 2021
Thursday, 5 Jun 2014 08:45am EDT 

Cascades Inc:Intends to offer $500 mln aggregate principal amount of senior notes due 2022 and C$200 mln aggregate principal amount of senior notes due 2021 in a private offering that is exempt from the registration requirements of the Securities Act of 1933.Expects that the notes will be guaranteed by the company's existing and any future U.S. and Canadian restricted subsidiaries, subject to certain exceptions, on a senior unsecured basis.Notes will not be guaranteed by the company's subsidiaries outside Canada and the United States or by any of the company's joint ventures, entities constituting minority investments, immaterial or unrestricted subsidiaries.Intends to use the net proceeds from the offering of the Notes to fund the purchase, pursuant to its previously announced tender offer, of any and all of its outstanding 7 ¾ pct Senior Notes due 2017 and 7 ¾ pct Senior Notes due 2016.Intends to use any remaining proceeds to redeem any and all U.S.$ Notes and C$ Notes that remain outstanding following the consummation of the tender offer.  Full Article

Cascades Inc declares quarterly dividend
Wednesday, 7 May 2014 08:00pm EDT 

Cascades Inc:Declares quarterly dividend of $0.04 per share.Payable on June 5, 2014 to shareholders of record at the close of business on May 26, 2014.  Full Article

Cascades Inc announces closure of swedish subsidiary
Wednesday, 9 Apr 2014 09:00am EDT 

Cascades Inc:Has reached an agreement concerning the closure of its subsidiary, Cascades Djupafors, located in Ronneby, Sweden.  Full Article

Cascades Inc declares quarterly dividend of $0.04 per share
Thursday, 13 Mar 2014 06:00am EDT 

Cascades Inc:Declares quarterly dividend of $0.04 per share.To be paid March 28 to shareholders of record at the close of business on March 24.  Full Article

Cascades Inc confirms creation of new joint venture in the Atlantic Provinces in its Containerboard Group, Norampac
Friday, 31 Jan 2014 04:30pm EST 

Cascades Inc:Says the Competition Bureau of Canada has accepted the transaction it concluded on Nov. 27, 2013, with Maritime Paper Products Limited (MPPL), for the creation of a new joint venture of converting corrugated board activities in the Atlantic Provinces.Says new joint venture will be called Maritime Paper Products Limited Partnership (MPPLP).Says Norampac operations located in St.John's, Newfoundland, and Moncton, New Brunswick, will be integrated with those of MPPL on Feb. 1, 2014.Says Norampac will own 40 pct of the joint venture and will supply containerboard to it, while MPPL will oversee management of the converting operations, as majority owner.  Full Article

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