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
Japanese electronics maker Panasonic Corp. is in talks to buy Austrian headlight manufacturer ZKW Group GmbH, Nikkei business daily reported Monday, citing a person familiar with the matter. As per the report, both companies could reach a basic agreement as early as this month for a deal that could be worth up to $1 billion. Netflix offers a bunch of popular movies, Netflix originals, new TV shows, and documentaries in the month of December 2016, including the second season of the hit sitcom 'Fuller House' and 2016 blockbuster 'Captain America: Civil War', as all are getting ready for the holidays. SpaceX, the space transport company of Tech entrepreneur Elon Musk, is likely to launch its first Falcon 9 rocket since September's launchpad explosion on December 16. SpaceX's satellite launch customer Iridium Communications Inc. announced Thursday that its next-generation global satellite constellation, Iridium NEXT, will be launched on SpaceX's Falcon 9 rocket.
comments powered by Disqus
Follow RTT