secwatch.observer — SEC 8-K summary
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Issuer:     Clearwater Paper Corp (CLW)
CIK:        0001441236
Form:       8-K
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0001193125-24-182293
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clearwater Paper sells consumer products division to Sofidel for $1.06B
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- Purchase price of $1.06B, subject to debt/cash/expense adjustments; $450M deposited into escrow at signing.
- Buyer acquires Clearwater Paper Tissue LLC (Las Vegas, Elwood, Shelby plants) and Lewiston ID assets via MIPA and APA.
- Transaction expected to close in Q4 2024, subject to HSR and other customary closing conditions.
- Buyer parent (Sofidel S.p.A.) obtained €600M debt commitments and provided a guaranty for the purchase obligations.
- Seller will provide transition services and lease Lewiston facility post-closing under ancillary agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1441236/000119312524182293/0001193125-24-182293-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1441236/000119312524182293/d863687d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-182293

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