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Published on 9/28/2021 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Domtar to redeem 6¼% notes due 2042, 6¾% notes due 2044 via new notes

By Rebecca Melvin

Concord, N.H., Sept. 28 – Domtar Corp. plans to repurchase its 6¼% senior notes due 2042 and 6¾% senior notes due 2044 in connection with its merger with Karta Halten BV and Paper Excellence BV.

The redemption is part of the overall acquisition plan, which is being paid for with the proceeds of an offering of new notes due 2028 together with an equity investment and borrowings under new senior secured credit facilities.

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

Paper Excellence is a diversified maker of pulp and paper, based in the Netherlands.


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