Cascades Announces Proposed Private Offering of US$400 Million Senior Notes due 2030

KINGSEY FALLS, QC, May 28, 2025 /CNW/ - Cascades Inc. (TSX:CAS.TO) (the "Company") announced today that it intends, subject to market and other conditions, to offer US$400 million aggregate principal amount of Senior Notes due 2030 (the "Notes") in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), and from the prospectus requirements under the relevant Canadian securities legislation. Cascades USA Inc., a U.S. indirect wholly-owned subsidiary of the Company (the "Co-Issuer"), will be a co-issuer with the Company in respect of the Notes. The Notes will be guaranteed by each of the Company's existing and future U.S. and Canadian restricted subsidiaries (other than the Co-Issuer), subject to certain exceptions, on a senior unsecured basis. The Notes will not be guaranteed by the Company's subsidiaries organized outside of Canada and the United States or by any of the Company's joint ventures, entities constituting minority investments, unrestricted subsidiaries, special purpose vehicles or immaterial subsidiaries.