MONTREAL, May 28, 2014 /CNW Telbec/ - Resolute Forest Products Inc.
(NYSE: RFP) (TSX: RFP) announced today that its offer to exchange its
unregistered 5.875% Senior Notes due 2023 (the "Outstanding Notes") for notes that have been registered with the U.S. Securities and
Exchange Commission expired at 12:01 a.m., New York City time, on May
27, 2014. Holders representing 100% of the Outstanding Notes, including
those subject to guaranteed delivery, validly tendered in the exchange
offer. As a result, Resolute will issue an aggregate of $600 million
principal amount of 5.875% Senior Notes due 2023 (the "Exchange Notes") to tendering noteholders. The exchange offer was required under the
registration rights agreement Resolute entered into in connection with
the initial sale of the Outstanding Notes.
This press release is not an offer to buy or sell, or the solicitation
of an offer to buy or sell, any of the securities described herein, nor
shall there be any offer, solicitation or sale of such securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful. A registration statement on Form S-4 relating to the exchange
offer was declared effective by the Securities and Exchange Commission
on April 24, 2014. The exchange offer was made only pursuant to the
exchange offer documents that were distributed to holders of the
Outstanding Notes, including the prospectus dated April 28, 2014, and
the related letter of transmittal.
About Resolute Forest Products
Resolute Forest Products is a global leader in the forest products
industry with a diverse range of products, including newsprint,
specialty papers, market pulp and wood products. The Company owns or
operates nearly 40 pulp and paper mills and wood products facilities in
the United States, Canada and South Korea, and power generation assets
in Canada. Marketing its products in close to 90 countries, Resolute
has third-party certified 100% of its managed woodlands to at least one
of three internationally recognized sustainable forest management
standards. The shares of Resolute Forest Products trade under the stock
symbol RFP on both the New York Stock Exchange and the Toronto Stock
Resolute and other member companies of the Forest Products Association
of Canada, as well as a number of environmental organizations, are
partners in the Canadian Boreal Forest Agreement. The group works to
identify solutions to conservation issues that meet the goal of
balancing equally the three pillars of sustainability linked to human
activities: environmental, social and economic.
SOURCE Resolute Forest Products Inc.