Press releases

Tembec’s non-operating U.S. subsidiary files for Chapter 7

April 25, 2011

Montreal, Quebec – Tembec Inc. announced today that its non-operating U.S. Subsidiary, Tembec USA LLC has filed a petition seeking relief under Chapter 7 of the Bankruptcy Code of the United States. Tembec USA LLC operated a coated paper mill located in St. Francisville, Louisiana (“Mill”). The mill was idled in July 2007 and the property and equipment subsequently sold to a thi...

Tembec to hold a conference call – Financial results for the second fiscal quarter ended March 26, 2011

April 20, 2011

Temiscaming, Quebec – Tembec’s second fiscal quarter results for the period ended March 26, 2011 will be released on Wednesday, April 27, 2011. James Lopez, President and Chief Executive Officer and Michel Dumas, Executive Vice President, Finance and Chief Financial Officer will be conducting a conference call intended for financial analysts and institutional investors. Also participat...

Tembec announces closing of the sale of its hydro-electric generating assets located in Smooth Rock Falls

March 29, 2011

Temiscaming, Quebec – Tembec today announced that it has closed the sale of its hydro-electric generating assets located in Smooth Rock Falls, Ontario, to Gemini-SRF Power Corporation. Total consideration for the hydro assets, which have a capacity of approximately 7.4 megawatts, is $16.5 million. "This transaction is consistent with the Company's strategic plan and represents an ...

Tembec announces new $200 million asset-based secured revolving credit facility

March 4, 2011

Temiscaming, Quebec – Tembec today announced that it had entered into a new $200 million asset-based secured revolving credit facility with GE Capital and CIBC. The new five-year facility expires in February 2016 and will effectively replace an existing $205 million revolving credit facility that would have expired in December 2011. The new facility has a first priority charge over the recei...

Tembec announces exchange offer for 11.25% Senior Secured Notes due 2018

March 2, 2011

Temiscaming, Quebec – Tembec Inc. (“Tembec”) announced today that its wholly-owned subsidiary, Tembec Industries Inc.(the “Company”), commenced its exchange offer to exchange up to US $255 million in aggregate principal amount of 11.25% Senior Secured Notes due 2018 registered under the Securities Act of 1933, as amended (the “Securities Act”), for any and...

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