Debt Information.

Debt Structure

(As at June 30, 2025)

 Rate/CouponMaturityTypeAmount authorized
(M CAN$)		Amount drawn or value
(M CAN$)

 Revolving credit facility 1, 2 

Variable rate2027Secured750144
Long-term notes  
US $445 million5,375%2028Unsecured 609
US $400 million6,750%2030Unsecured 544
Delayed draw term Loan credit facility6,530%2026Unsecured 34
Term loan of US $260 millionVariable rate2027Secured 354
Lease obligations of subsidiaries    215
Other debts of subsidiaries    15
Lease obligations without recourse to the Corporation    19
Revolving credit facility without recourse to the Corporation 2028  202
     2,136
Less: Unamortized financing costs 9
TOTAL LONG-TERM DEBT 2,127
   
Less: Current portion 70
LONG-TERM DEBT 2,057
      
TOTAL DEBT     
Total long-term debt (including current portion) 2,127
Bank loans and advances 3
     2,130
Less: Cash and Cash equivalents 26
NET DEBT CONSOLIDATED    2,104

 
  • 1. The Corporation's obligations under the revolving credit facility are secured by the inventory and receivables, as well as by the property, plant and equipment of five of its mills.
  • 2. The facility can be reimbursed without penalty at the Corporation's option any time prior to maturity.

 

 

Long Term Debt Repayment Schedule

The estimated aggregate amounts of repayments on long term debt, excluding the other debts of subsidiaries and without recourse to the Corporation, for the next six years are as follows:

 

(M CAN$)

Current credit ratings as of June 30, 2025

 Moody'sStandard & Poor's
Senior secured debtBaa3BB+
Senior unsecured debtBa2BB-
Corporate ratingBa3 (stable)BB- (negative)

Cascades’ credit rating is determined by Moody’s and Standard & Poor's. These ratings are provided for information purposes only and may be modified at any time. The opinions, views or forecasts of these firms regarding Cascades’ performance are distinct from those of Cascades' management.

Main debt documents

For further information on Cascades' credit facility and senior notes (including financial covenants), refer to the following documents:

Présentation investisseir

   Available in PDF format