---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-056293"
form_type: "8-K"
ticker: null
cik: "0001381531"
company_name: "Domtar CORP"
filed_at: "2023-03-01T23:59:59+00:00"
generated_at: "2026-06-18T17:26:27.100301+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Domtar completes acquisition of Resolute Forest Products for $20.50 per share plus contingent value right

## Summary
- Merger closed March 1, 2023; Resolute shareholders receive $20.50 cash per share plus one contingent value right tied to softwood lumber dispute resolution.
- Domtar committed to divest Dryden, ON pulp mill and Thunder Bay, ON pulp and paper mill to satisfy Canadian competition requirements.
- Financing includes $500M equity from affiliate, $666M 2023-A First Lien Term Loans, $210M ABL borrowings, and cash on hand.
- New $949M Farm Credit Term Loan Credit Agreement with $666M 2023-A (SOFR+6%, matures 2030) and $283M 2023-B (SOFR+5.75%, matures 2028).
- ABL Credit Agreement amended: maturity extended to March 1, 2028, total commitments increased to $1.0B.

## SEC filing metadata
- accession: 0001193125-23-056293
- form_type: 8-K
- cik: 0001381531
- company_name: Domtar CORP
- filed_at: 2023-03-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1381531/000119312523056293/0001193125-23-056293-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1381531/000119312523056293/d449137d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-056293
- JSON: https://secwatch.observer/filing/0001193125-23-056293.json
- Plain text: https://secwatch.observer/filing/0001193125-23-056293.txt

## Key facts
- M&A Transactions
  Domtar CORP completed an acquisition involving Resolute Forest Products Inc. for $20.50 per share in cash and one contingent value right (closed 2023-03-01).
  - Action: acquisition
  - Counterparty: Resolute Forest Products Inc.
  - Consideration: $20.50 per share in cash and one contingent value right
  - Closing: 2023-03-01
  source text: (the “ Effective Time ”), each share of common stock, par value $0.001 per share, of Resolute (the “ Resolute Common Stock ”), was converted into the right to receive (i) $20.50 in cash, without interest (the “ Upfront Per Share Merger Consideration ”) and (ii) one contractual contingent value right (each a “ Contingent Value Right ”, together with the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1381531/000119312523056293/0001193125-23-056293-index.htm
- Material Agreements
  Domtar CORP entered into Farm Credit Term Loan Credit Agreement.
  - Action: entry
  - Agreement: credit facility
  source text: the full text of the Farm Credit Term Loan Credit Agreement, which is filed as Exhibit 10.3 hereto, and which is incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1381531/000119312523056293/0001193125-23-056293-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.