Clearwater Paper refinances debt, extends maturities to 2031
Clearwater Paper refinanced its 2028 senior notes and existing credit facilities with a new term loan and revolver, extending debt maturities to Sept. 18, 2031. Proceeds will repay its ABL facility and redeem $275M notes due 2028; the revolver includes an uncommitted $100M increase option.
Clearwater Paper refinanced its 2028 senior notes and existing credit facilities with a new term loan and revolver, pushing debt maturities to Sept. 18, 2031. Proceeds are set to repay the ABL facility and redeem $275M of notes due 2028; the revolver includes an uncommitted $100M increase option.