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Cascades Inc (CAS.TO)

CAS.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Cascades Increases Financial Flexibility With A 7-Year Term Loan Facility
Friday, 21 Dec 2018 03:49pm EST 

Dec 21 (Reuters) - Cascades Inc ::CASCADES INCREASES FINANCIAL FLEXIBILITY WITH THE ADDITION OF A SEVEN YEAR TERM LOAN FACILITY.CASCADES INC - TERM LOAN PROVIDES COMPANY WITH INCREASED FINANCIAL FLEXIBILITY AND WILL REDUCE FINANCING COSTS.CASCADES INC - HAS INCREASED ITS AUTHORIZED CREDIT FACILITY TO ABOUT CAN$1 BILLION TO INCORPORATE ADDITION OF A US$175 MILLION 7-YEAR TERM LOAN.CASCADES-TERM LOAN, WHICH CAN BE REPAID AT ANY TIME, WILL BE USED TO REPAY CERTAIN OF CO'S OUTSTANDING BORROWINGS UNDER ITS EXISTING CREDIT FACILITY.  Full Article

Cascades Q3 Earnings Per Share C$0.38
Thursday, 8 Nov 2018 06:30am EST 

Nov 8 (Reuters) - Cascades Inc ::CASCADES ANNOUNCES SOLID RESULTS FOR THE THIRD QUARTER OF 2018.Q3 ADJUSTED EARNINGS PER SHARE C$0.40.Q3 EARNINGS PER SHARE C$0.38.Q3 SALES C$1.172 BILLION VERSUS I/B/E/S VIEW C$1.18 BILLION.Q3 EARNINGS PER SHARE VIEW C$0.38 -- THOMSON REUTERS I/B/E/S.CASCADES- EXPECT SOLID MARKET CONDITIONS TO CONTINUE DRIVE RESULTS IN CONTAINERBOARD BUSINESS WITHIN FRAMEWORK OF SOFTER SEASONAL DEMAND TYPICAL OF Q4.  Full Article

Cascades Renews Normal Course Issuer Bid
Thursday, 15 Mar 2018 08:00am EDT 

March 15 (Reuters) - Cascades Inc ::CASCADES RENEWS ITS NORMAL COURSE ISSUER BID.CASCADES INC - PURCHASES PURSUANT TO NORMAL COURSE ISSUER BID WILL COMMENCE ON MARCH 19, 2018 AND WILL NOT CONTINUE BEYOND MARCH 18, 2019.  Full Article

Cascades Announces Q4 Earnings Per Share C$0.60
Thursday, 1 Mar 2018 06:30am EST 

March 1 (Reuters) - Cascades Inc ::CASCADES ANNOUNCES STRONG ANNUAL NET EARNINGS FOR 2017, AND RELEASES RESULTS FOR THE FOURTH QUARTER OF 2017.Q4 EARNINGS PER SHARE C$0.60.QTRLY SALES OF $1,082 MILLION COMPARED TO $1,103 MILLION IN Q3.Q4 EARNINGS PER SHARE VIEW C$0.23 -- THOMSON REUTERS I/B/E/S.QTRLY ADJUSTED EARNINGS PER SHARE $0.14.QTRLY DILUTED EARNINGS PER SHARE $0.58.US 2017 TAX REFORM REDUCES FUTURE TAX LIABILITIES BY $57 MILLION IN QUARTER.  Full Article

Cascades Announces Early Tender Results Of Cash Tender Offers For 5.5% And 5.75% Senior Notes
Tuesday, 12 Dec 2017 04:05pm EST 

Dec 12 (Reuters) - Cascades Inc ::CASCADES ANNOUNCES EARLY TENDER RESULTS OF CASH TENDER OFFERS FOR ITS 5.500% SENIOR NOTES DUE 2022 AND 5.750% SENIOR NOTES DUE 2023.  Full Article

Cascades Acquires Containerboard Packaging Plants In Ontario And Increases Its Ownership In Greenpac
Monday, 4 Dec 2017 07:00am EST 

Dec 4 (Reuters) - Cascades Inc ::CASCADES ACQUIRES CONTAINERBOARD PACKAGING PLANTS IN ONTARIO AND INCREASES ITS OWNERSHIP IN GREENPAC.CASCADES INC - ‍TOTAL COST OF TRANSACTION AMOUNTS TO $49 MILLION​.CASCADES INC - ‍CONTAINERBOARD PACKAGING PLANTS WERE ACQUIRED FOR A CONSIDERATION OF $28 MILLION, INCLUDING AN ASSUMED DEBT OF $4 MILLION​.CASCADES INC - ‍ALSO ACQUIRED COYLE FAMILY'S 33% STAKE IN TENCORR​.CASCADES INC - ‍ALSO ACQUIRED ADDITIONAL INTEREST IN CONTAINERBOARD PARTNERS, ONE OF GREENPAC'S SHAREHOLDERS, INCREASING HOLDINGS IN GREENPAC TO 66.1%.  Full Article

Cascades Announces Cash Tender Offers
Tuesday, 28 Nov 2017 05:00pm EST 

Nov 28 (Reuters) - Cascades Inc ::CASCADES ANNOUNCES CASH TENDER OFFERS FOR UP TO US$200 MILLION AGGREGATE PRINCIPAL AMOUNT OF ITS 5.500% SENIOR NOTES DUE 2022 AND 5.750% SENIOR NOTES DUE 2023.CASCADES INC - ‍TENDER OFFERS WILL EACH EXPIRE AT 9:00 AM NEW YORK CITY TIME, ON DEC 27​.CASCADES INC - ‍TENDER OFFER WITH RESPECT TO 2022 NOTES IS SUBJECT TO A MAXIMUM AGGREGATE PRINCIPAL AMOUNT SUBLIMIT OF US$150 MILLION​.  Full Article

Cascades announces Q3 earnings per share C$0.35
Thursday, 9 Nov 2017 06:30am EST 

Nov 9 (Reuters) - Cascades Inc :Cascades announces third quarter 2017 results; approaches target debt leverage ratio.Q3 adjusted earnings per share C$0.20.Q3 earnings per share C$0.35.Q3 sales C$1.103 billion versus I/B/E/S view C$1.18 billion.Q3 earnings per share view C$0.26 -- Thomson Reuters I/B/E/S.  Full Article

Cascades second quarter adjusted earnings per share C$0.25
Thursday, 10 Aug 2017 07:30am EDT 

Aug 10 (Reuters) - Cascades Inc :Cascades announces second quarter 2017 results; continues to execute on strategic fronts.Q2 adjusted earnings per share C$0.25.Q2 earnings per share C$3.41.Q2 sales rose 13 percent to C$1.13 billion.Q2 earnings per share view C$0.29 -- Thomson Reuters I/B/E/S.  Full Article

Cascades announces closure of its New York city plant
Wednesday, 9 Aug 2017 03:30pm EDT 

Aug 10 (Reuters) - Cascades Inc -:Cascades announces the closure of its new york city plant.Cascades Inc - ‍plant, which currently employs 148 people, will close no later than December 31, 2018​.Cascades - to close packaging plant in maspeth, new york, as part of corporation's modernization, optimization efforts in northeastern united states​.Cascades Inc - ‍New York city plant, which currently employs 148 people, will close no later than december 31, 2018​.Cascades Inc - will assess possibility of relocating interested employees to its other facilities.  Full Article