secwatch.observer — SEC 8-K summary
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Issuer:     Clearwater Paper Corp (CLW)
CIK:        0001441236
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001193125-24-127658
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clearwater Paper closes $700M acquisition of Graphic Packaging consumer packaging assets; new debt facilities in place
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- Acquired certain assets of GPK's consumer packaging business (Augusta, GA mill) for ~$700M cash, subject to adjustments.
- Entered Amended & Restated Credit Agreement: $270M Term Revolver, $400M Farm Credit Term Loan, $90M Commercial Bank Term Loan ($760M total).
- ABL facility commitment increased from $275M to $375M; $120M drawn at closing.
- New credit facilities mature 2029-2031; proceeds used to finance acquisition, fees, and working capital.
- Financial statements of acquired business and pro forma info to be filed within 71 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1441236/000119312524127658/0001193125-24-127658-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1441236/000119312524127658/d459717d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-127658

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