Domtar cancels tender for three series, to redeem notes due 2022

By Wendy Van Sickle

Columbus, Ohio, March 8 – Domtar Corp. canceled its cash tender offer for any and all of its $300 million of 4.4% senior notes due 2022 (Cusip: 257559AH7) and a combined $300 million of its $250 million outstanding 6¾% senior notes due 2044 (Cusip: 257559AK0) and $250 million outstanding 6¼% senior notes due 2042 (Cusip: 257559AJ3), according to a news release Monday.

However, the company said it instead plans to redeem all of the 4.4% notes on April 1 at par plus accrued interest plus a make-whole premium, as well as repay the $294 million outstanding under its term loan with CoBank, ACB.

The company announced the now-canceled tender on March 1.

Domtar makes paper and other fiber-based products and is based in Fort Mill, S.C.

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