Debt Information

Debt Structure

(As of September 30, 2026)

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

 Revolving credit facility 1, 2 

Variable rate2030Secured75029
Long-term notes  
US $345 million5,375%2028Unsecured 493
US $400 million6,750%2030Unsecured 569
Term loan of US $260 millionVariable rate2031Secured 370
Lease obligations of subsidiaries    212
Other debts of subsidiaries    15
Lease obligations without recourse to the Corporation    52
Revolving credit facility without recourse to the Corporation 2029  233
     1,973
Less: Unamortized financing costs 7
TOTAL LONG-TERM DEBT 1,966
   
Less: Current portion 76
LONG-TERM DEBT 1,890
      
TOTAL DEBT     
Total long-term debt (including current portion) 1,966
Bank loans and advances 0
     1,966
Less: Cash and Cash equivalents 103
NET DEBT CONSOLIDATED    1,863

 
  • 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 six 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$)

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

(As of September 30, 2026)

 Moody'sStandard & Poor's
Senior secured debtBaa3BB+
Corporate ratingBa2BB-
Senior unsecured debtBa3 (stable)BB- (stable)

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.

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