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
Apple Inc. (AAPL) has scheduled its annual hardware event on Wednesday, September 7, when the tech giant is expected to unveil the most-awaited smartphone of the year-- iPhone 7. Apple has sent out invitation to the media and published the event on its website with a simple title "See you on the 7th." Although,... Starbucks Corp. (SBUX) has opened its first outlet on the island of Trinidad, as the coffee giant continues its Caribbean expansion. The new store is now open in San Fernando, Trinidad's SouthPark Entertainment Complex. Starbucks opened its first store in the Caribbean region in San Juan, Puerto... Conroe, Texas-based Country Fresh LLC., is recalling 30,000 cases of various fresh-cut vegetable products, due to a potential contamination of Listeria. The contamination was discovered during a routine sample taken at a retail store by the Georgia Department of Agriculture, which revealed the finished...
comments powered by Disqus
Follow RTT