Press releases

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 completes additional sale of land in British Columbia

September 16, 2014

Montreal, Quebec – Tembec today announced the closing of the sale of approximately 31,800 hectares of land located within the Regional District of East Kootenay, British Columbia, to Jemi Fibre Corp. (“Jemi”), which sale was previously announced on April 25, 2014.  Total consideration for the transaction was $21 million, including a deferred amount of $2 million payable...

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...

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 reports financial results for its third quarter ended June 28, 2014

July 31, 2014

Montreal, Quebec - Consolidated sales for the three-month period ended June 28, 2014, were $404 million, as compared to $399 million in the same quarter a year ago. The Company generated net earnings of $30 million or $0.30 per share in the June 2014 quarter compared to a net loss of $7 million or $0.07 per share in the June 2013 quarter. The June 2014 results include a ga...

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Q&A with our CEO

Jim Lopez on where Tembec has been, and where Tembec is headed:

Straight talk

We address widespread perceptions and misperceptions about the forest products industry and Tembec: