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Clearwater Paper Refinances Debt and Secures New Credit Facility

  • Clearwater Paper Corporation refinanced its senior notes due 2028 along with its term revolver & ABL revolving credit facilities.
  • The company entered into an amended & restated credit agreement with AgWest Farm Credit, PCA, on September 18, 2026.
  • The new financing package includes a $275 million term loan facility fully funded at closing.
  • A $200 million revolving credit facility was established with approximately $15 million outstanding at closing.
  • The revolving credit facility features an uncommitted $100 million increase option subject to lender participation & delivery of 2027 year-end financial statements.
  • Proceeds were used to pay off the existing ABL credit facility & redeem the outstanding $275 million senior notes due 2028.
  • The new credit agreement matures on September 18, 2031, extending the company's debt maturity profile by five years.
  • CEO Arsen Kitch stated the refinancing extends debt maturities & provides a stable foundation for the company's long-term strategy.
  • Details of the transaction are available in the Current Report on Form 8-K filed with the SEC on September 21, 2026.