secwatch.observer — SEC 8-K summary
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Issuer:     Clearwater Paper Corp (CLW)
CIK:        0001441236
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001193125-24-040432
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clearwater Paper to buy Graphic Packaging's Augusta paperboard mill for $700M; close expected Q2 2024
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- Purchase price $700M in cash, subject to inventory adjustments, for Graphic Packaging's consumer packaging business at its Augusta, GA mill.
- Transaction expected to close in Q2 2024, conditional on HSR Act and other antitrust approvals.
- Financed via $760M in new credit facilities ($270M Term Revolver, $340M Farm Credit Term Loan, $150M Commercial Bank Term Loan) and a $275M ABL facility.
- Reverse termination fee of $30M payable by Clearwater Paper if it fails to close after conditions are satisfied.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1441236/000119312524040432/0001193125-24-040432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1441236/000119312524040432/d769915d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-040432

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