logo
Share SHARE
FONT-SIZE Plus   Neg

Resolute Forest Products Prices Offering Of $600 Mln Of Its Senior Notes

Resolute Forest Products Inc. (RFP) announced that it priced the offering of $600 million aggregate principal amount of its senior notes due 2023 at 5.875% and 99.062% of par value. The offering of the 2023 notes is expected to close on May 8.

The company stated that the notes will be unsecured and guaranteed by substantially all of Resolute's U.S. Subsidiaries.

The company expects to use the net proceeds to repurchase, repay or otherwise discharge all, or substantially all, of its $501.2 million outstanding aggregate principal amount 10.25% senior secured notes due 2018.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Two major hospitals Ascension Health and Providence St. Joseph Health are in discussion for merger to create one of the largest hospital chain, reported Wall Street Journal. The combination is expected to have 191 hospitals with an annual revenue of around $45 billion. The new entity would dethrone America's largest hospital operator Hospital Corporation of America that owns 177 hospitals and reve Uber has mistakenly charged a customer in Toronto an astounding C$18,518.50 for a five-mile, 21-minute ride. In U.S. dollar terms, the amount would be more than $14,400. The five-mile ride should have only cost between C$12 and C$16. French baby formula maker Lactalis has issued a major international product recall over fears of salmonella contamination. French health authorities have ordered the dairy company to stop selling hundreds of products worldwide, after 26 infants fell ill with salmonella poisoning in France. Salmonella infections can be life-threatening mainly for young children.
comments powered by Disqus
Follow RTT