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Cascades to Partially Redeem 5.375% Senior Notes Due 2028

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Cascades (CAS.TO) issued a notice of partial redemption for $100 million of its co-issued 5.375% senior notes due 2028, it said Thursday.

The redemption date is Sept. 4, and the redemption price is 100% of the principal amount of the notes, with accrued and unpaid interest on the notes redeemed to, but excluding, the redemption date, it said.

About $345 million of the notes will remain outstanding after the partial redemption.

Shares of the company were last seen down 0.5% at C$17.32 on the Toronto Stock Exchange.

Price: $17.35, Change: $-0.06, Percent Change: -0.34%

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