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Cascades Announces that its Subsidiary Greenpac Mill, LLC Has Successfully Refinanced its Bank Debt

Date/time : 2025-06-13 02:05 PM
Symbol :

CAS

Company : Cascades Inc.
Price : 9.27
Market cap : 937,341,918
O/S : 101,115,633
Exchange :

TSX

Industry :

Containers & Packaging

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Cascades Announces that its Subsidiary Greenpac Mill, LLC Has Successfully Refinanced its Bank Debt

Canada NewsWire

KINGSEY FALLS, QC , June 13, 2025 /CNW/ - Cascades Inc. (TSX: CAS) (the "Company"), announces that Greenpac Mill, LLC ("Greenpac"), the Company's 86.35% owned subsidiary, has successfully entered into an agreement to increase its existing revolving credit facility to US$250 million from US$150 million previously. Concurrently, the facility's maturity has been extended from December 2027 to June 2028 . All other terms remain unchanged.

National Bank Financial Markets acted as Lead Arranger and Sole Bookrunner on this transaction. The financing is provided by a syndicate of lenders comprised of National Bank of Canada , M&T Bank, Bank of America, N.A. and Comerica Bank.

The Greenpac Mill, located in Niagara Falls, New York , manufactures lightweight containerboard, made with 100% recycled fibres.

Founded in 1964, Cascades offers sustainable, innovative and value-added packaging, hygiene and recovery solutions. The company employs approximately 9,600 women and men across a network of 66 operating facilities, including 17 Recovery and Recycling facilities which are part of Corporate Activities and joint ventures managed by the Corporation, in North America . Driven by its participative management, half a century of experience in recycling, and continuous research and development efforts, Cascades continues to provide innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the entire planet. Cascades' shares trade on the Toronto Stock Exchange under the ticker symbol CAS.

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SOURCE Cascades Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2025/13/c6532.html