Tembec Inc (TMB.TO) Key Developments | Reuters.com
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Tembec Inc (TMB.TO)

TMB.TO on Toronto Stock Exchange

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Fairfax Financial Holdings Limited announces acquisition of shares of Tembec Inc
Friday, 12 Jun 2015 05:05pm EDT 

Fairfax Financial Holdings Limited:Has acquired, through its subsidiaries, 20 mln common shares of Tembec Inc, representing about 19.9 pct of issued and outstanding Shares.Shares were purchased by way of a private transaction at a price of $2.25 per Share pursuant to a share purchase agreement.  Full Article

Tembec Inc announces intent to terminate SEC reporting obligations
Friday, 17 Oct 2014 01:59pm EDT 

Tembec Inc:Says its wholly-owned subsidiary, Tembec Industries Inc. (company), is voluntarily filing a Form 15F with the U.S. Securities and Exchange Commission to terminate its duty to file reports under the Securities Exchange Act of 1934, as amended.As a result of this filing, the Company's obligation to file certain reports with the SEC will immediately be suspended.Tembec expects that this termination of the Company's reporting obligation will become effective 90 days after its filing with the SEC (or within a shorter period as the SEC may determine).  Full Article

Tembec announces closing of senior secured notes offering and extends maturities to 2019
Wednesday, 1 Oct 2014 01:08pm EDT 

Tembec Inc:Says its wholly-owned subsidiary, Tembec Industries Inc. successfully completes its previously announced private offering of $375 mln in aggregate principal amount of 9 pct senior secured notes due 2019.Proceeds from offering will be used to purchase and redeem all of company's existing 11.25 pct senior secured notes due 2018; and repay portion of borrowings outstanding under company's asset-based revolving credit facility, and.Says to pay fees and expenses incurred in connection with these refinancing transactions.  Full Article

Tembec announces pricing of new senior secured notes
Wednesday, 24 Sep 2014 12:01pm EDT 

Tembec Inc:Says its wholly-owned subsidiary, Tembec Industries Inc, prices an offering of US$375 mln aggregate principal amount of 9 pct senior secured notes due 2019.New Notes were priced at 100 pct of the aggregate principal amount.Sale of the New Notes is expected to be completed on or about Oct. 1.Proceeds are intended to be used to purchase any and all of the Company's existing 11.25 pct senior secured notes due 2018.  Full Article

Tembec Inc announces proposed offering of new senior secured notes
Tuesday, 16 Sep 2014 02:19pm EDT 

Tembec Inc:Says its wholly-owned subsidiary, Tembec Industries Inc. (Company), intends to offer, $375 mln aggregate principal amount of new senior secured notes due 2019 to refinance its existing 11.25 pct senior secured notes due 2018.As part of the refinancing, company has launched a cash tender offer for any and all of its Existing Notes and related consent solicitation to amend certain provisions in the indenture governing the Existing Notes.Proceeds are intended to be used to purchase any and all of the Existing Notes that are validly tendered in connection with the tender offer for its Existing Notes and to redeem or repurchase any Existing Notes not purchased in the tender offer.Uses proceeds to repay a portion of the borrowings outstanding under the Company's asset-based revolving credit facility.Uses proceeds to pay fees and expenses incurred in connection with these refinancing transactions.  Full Article

Tembec Inc completes additional sale of land in British Columbia
Tuesday, 16 Sep 2014 01:55pm EDT 

Tembec Inc:Closes sale of about 31,800 hectares of land located within the Regional District of East Kootenay, British Columbia, to Jemi Fibre Corp. ("Jemi"), which sale was previously announced on April 25.Total consideration for the transaction was $21 mln, including a deferred amount of $2 mln payable by no later than June 24, 2021.Under certain circumstances, the repayment of the deferred amount may be accelerated.The transaction is the second part of a two phase sale.The first phase of the sale closed on June 25.The transaction is part of the BC Land Sale Initiative.  Full Article

CORRECTED-BRIEF-Tembec Q2 earnings per share C$0.27

* Tembec reports financial results for its second fiscal quarter ended March 26, 2016