Press releases

Tembec announces closing of Senior Secured Notes offering and extends maturities to 2019

October 1, 2014

Montreal, Quebec – Tembec Inc. (“Tembec”) announced today that its wholly-owned subsidiary, Tembec Industries Inc. (the “Company”) successfully completed its previously announced private offering of US$375 million in aggregate principal amount of 9% Senior Secured Notes due 2019 (the “Notes”).  The proceeds from the offering will be used to (i) purch...

Tembec announces early tender and consent solicitation results

September 30, 2014

Montreal, Quebec – Tembec Inc. (“Tembec”) announced today that holders of US$301,072,000 principal amount of the 11.25% senior secured notes due 2018 (the “Notes”) issued by its wholly-owned subsidiary, Tembec Industries Inc. (the “Company”), had tendered their Notes and delivered related consents on or before 5:00 p.m., New York City time, on September 29...

Tembec announces pricing of new senior secured notes

September 24, 2014

Montreal, Quebec – Tembec Inc. (“Tembec”) announced today that its wholly-owned subsidiary, Tembec Industries Inc. (the “Company”) has priced an offering of US$375 million  aggregate principal amount of 9% senior secured notes due 2019 (the “New Notes”). The New Notes were priced at 100% of the aggregate principal amount.  The sale of the New Not...

Tembec announces launch of tender offer and consent solicitation of 11.25% senior secured notes due 2018

September 16, 2014

Montreal, Quebec – Tembec Inc. (“Tembec”) announced today that its wholly-owned subsidiary, Tembec Industries Inc. (the “Company”), has commenced a cash tender offer and consent solicitation with respect to the Company’s outstanding US$305.0 million aggregate principal amount of 11.25% senior secured notes due 2018 (the “Notes”).  The tender off...

Tembec announces proposed offering of new senior secured notes

September 16, 2014

Montreal, Quebec – Tembec Inc. (“Tembec”) announced today that its wholly-owned subsidiary, Tembec Industries Inc. (the “Company”), intends to offer, subject to market and other customary conditions, US$375 million aggregate principal amount of new senior secured notes due 2019 (the “New Notes”) to refinance its existing 11.25% senior secured notes du...

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