On June 11, 2025, Cascades Inc., a Quebec-based packaging and tissue product manufacturer, completed its previously announced private offering of US$400 million in 6.750 percent senior notes due 2030. The offering was co-issued by Cascades USA Inc., a U.S. indirect wholly owned subsidiary. The notes will be guaranteed by all existing and future U.S. and Canadian restricted subsidiaries, excluding the co-issuer.

The offering was conducted through a syndicate of underwriters led by Wells Fargo Securities, LLC as the representative of the initial purchasers, alongside multiple U.S. and Canadian financial institutions. The proceeds are expected to strengthen Cascades’ balance sheet and support long-term growth.