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KP Tissue Says Kruger Products Closed C$165-Million Senior Unsecured Notes Financing

BY MT Newswires | CORPORATE | 12/10/25 12:35 PM EST

12:35 PM EST, 12/10/2025 (MT Newswires) -- KP Tissue (KPTSF) on Wednesday said Kruger Products Inc (KPI) closed an offering of senior unsecured notes.

The company said that KPI issued C$165 million principal amount of 6.250% senior unsecured notes due Dec.10, 2032 by way of private placement.

The company said a portion of the proceeds of the offering was used to fund the repayment in full of the borrowings outstanding under the senior credit facilities of Kruger Products SB Inc (KPSB).

KPI plans to use the balance of the net proceeds of the offering for general corporate purposes.

The company said that, in connection with the offering, KPI's syndicated credit agreement was amended and restated to, among other things, increase the facility amount from C$230 million to C$250 million, increase the accordion feature from C$75 million to C$100 million and add KPSB as a restricted credit party.

KP Tissue (KPTSF) shares were last seen unchanged at $10.44 on the Toronto Stock Exchange.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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