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Resolute Announces Completion of Exchange Offer for 5.875% Senior Notes due 2023

May 28, 2014



US $

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 Exchange.

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.


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