KP Tissue Pronounces Closing of Senior Unsecured Notes Financing

NOT FOR DISTRIBUTION TO NEWSWIRE SERVICES IN U.S. OR FOR DISSEMINATION IN U.S.

MISSISSAUGA, Ontario, Nov. 01, 2024 (GLOBE NEWSWIRE) — KP Tissue Inc. (KPT) (TSX: KPT) introduced in the present day that Kruger Merchandise Inc. (“KPI”) has closed its beforehand introduced providing of senior unsecured notes.

KPI issued CDN $135 million principal quantity of 6.625% Senior Unsecured Notes (the “Notes”) due November 1, 2031 by means of personal placement (the “Providing”). Curiosity on the Notes is payable semi-annually in arrears on Might 1 and November 1 of every yr, commencing on Might 1, 2025. KPI intends to make use of the online proceeds of the Providing to redeem all of KPI’s excellent 6.00% senior unsecured notes due April 24, 2025 (the “2025 Notes”) and for normal company functions.

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The provide and sale of the Notes haven’t been and won’t be registered underneath the United States Securities
Act
of
1933, as amended (the “Securities Act”), or relevant state securities legal guidelines, and the Notes will not be provided or bought in the US absent registration or an relevant exemption from the registration necessities of the Securities Act and relevant state securities legal guidelines. The Notes haven’t been and won’t be certified on the market to the general public underneath relevant Canadian securities legal guidelines and, accordingly, any provide and sale of the Notes in Canada has been and will probably be made on a foundation exempt from the prospectus necessities of such securities legal guidelines. This information launch doesn’t represent a suggestion to promote or buy, or a solicitation of a suggestion to promote or buy, the Notes.

About KP Tissue Inc.
KPT was created to accumulate, and its enterprise is proscribed to holding an fairness curiosity in KPI, which is accounted for as an funding on the fairness foundation. KPT at the moment holds a 12.56% curiosity in KPI. For extra data go to www.kptissueinc.com.

About Kruger Merchandise Inc.
KPI is Canada’s main producer of high quality tissue merchandise for family, industrial and industrial use. KPI serves the Canadian shopper market with such well-known manufacturers as Cashmere®, Purex®, SpongeTowels®, Scotties®, White Swan® and Bonterra®. Within the U.S., KPI manufactures the White Cloud® model, in addition to many personal label merchandise. The Away-From-Residence division manufactures and distributes high-quality, cost-effective product options to a variety of economic and public entities. KPI has roughly 2,800 staff and operates ten FSC® COC- licensed (FSC® C-104904) manufacturing services in North America. For extra data go to http://www.krugerproducts.ca.

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Ahead Trying Data
Sure data included herein is ahead trying, inside the that means of relevant Canadian securities legal guidelines. Such data is often recognized by phrases similar to “anticipate”, “imagine”, “may”, “estimate”, “anticipate”, “plan”, “intend”, “forecast”, “future”, “steering”, “could”, “predict”, “venture”, “ought to”, “technique”, “goal”, “will” or comparable expressions suggesting future outcomes. Ahead trying data on this information launch contains statements concerning the meant use of proceeds of the Providing, together with to redeem the 2025 Notes. KPT believes the expectations mirrored in such ahead trying data are cheap, however no assurance will be provided that these expectations will show to be appropriate, and such data shouldn’t be unduly relied upon.

Ahead trying data will not be a assure of future efficiency. By its very nature, ahead trying data includes inherent assumptions, dangers and uncertainties, each normal and particular, and dangers that predictions, forecasts, projections and different ahead trying data won’t be achieved. Ought to a number of of those dangers and uncertainties materialize, or ought to assumptions described above show incorrect, KPT’s precise efficiency and leads to future intervals could differ materially from any projections of future efficiency or outcomes expressed in or implied by such ahead trying data. We warning readers to not place undue reliance on such data as a lot of necessary elements may trigger the precise outcomes to vary materially from the beliefs, plans, targets, expectations and anticipations, estimates and intentions expressed in such ahead trying data.

Any ahead trying data is made as of the date hereof and, besides as required by regulation, KPT doesn’t undertake any obligation to publicly replace or revise such data to mirror new data, subsequent or in any other case.