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Published on 10/8/2010 in the Prospect News High Yield Daily.

Clearwater Paper announces $350 million offering of eight-year notes

By Paul A. Harris

St. Louis, Oct. 8 - Clearwater Paper Corp. plans a $350 million offering of eight-year senior notes, according to a Friday press release.

The Spokane, Wash.-based paper manufacturer will use the proceeds from the Rule 144A and Regulation S deal to help fund the acquisition of Cellu Tissue Holdings, Inc. and to refinance certain Cellu debt.


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