secwatch.observer — SEC 8-K summary
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Issuer:     Domtar CORP (—)
CIK:        0001381531
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001193125-23-056293
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1381531/000119312523056293/0001193125-23-056293-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1381531/000119312523056293/d449137d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-056293

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