Company Overview - KP Tissue Inc. (KPT) holds a 12.1% interest in Kruger Products Inc. (KPI), which is a leading manufacturer of quality tissue products in Canada [5] - KPI operates approximately 3,000 employees and ten FSC® COC-certified production facilities in North America [6] Financial Offering - KPI has closed an offering of CDN $165 million principal amount of 6.250% Senior Unsecured Notes due December 10, 2032 [2] - The interest on the Notes is payable semi-annually, starting June 10, 2026 [2] - A portion of the net proceeds from the offering was used to fully repay borrowings under the senior credit facilities of Kruger Products SB Inc. (KPSB) [3] - The remaining proceeds will be used for general corporate purposes [3] Credit Facility Amendments - KPI's syndicated credit agreement was amended to increase the facility amount from CDN $230 million to CDN $250 million and the accordion feature from CDN $75 million to CDN $100 million [3]
Kruger Products Closes Senior Unsecured Notes Financing
Globenewswire·2025-12-10 14:52