Kingsey Falls, Québec (News release) - Cascades Inc. announces that it has amended its existing credit agreement to increase its authorized term loan to US$260 million from US$160 million and extend the maturity from December 2025 to December 2027.

The Term loan, which can be repaid at any time, will be used to repay certain of the Company's outstanding borrowings related to the strategic Bear Island converting project under its existing revolving credit facility. Concurrently, the Company's has extended the term of its syndicated revolving facility co-led by National Bank Financial Inc. and The Bank of Nova Scotia from July 2025 to July 2026. The financial conditions and covenants of both facilities are otherwise generally unchanged. The agreement is supported by the Company's existing banking syndicate and the term loan is underwritten by CoBank, ACB and American AgCredit, PCA.

Allan Hogg, Vice-President and Chief Financial Officer commented, "The revisions to our agreements increase our financial flexibility and reinforce our financial profile through the completion of our Bear Island converting project. We are pleased to have strengthened our funding security over a longer timeframe without modifying the terms, conditions and covenants of our existing agreements."