Cascades Completes Offering of Senior Notes

On December 2, 2004, Cascades Inc. completed the sale of US$125 million aggregate principal amount of 7.25 per cent senior notes due 2013 in a private placement to institutional investors in the US and certain provinces of Canada. The notes are unsecured obligations of Cascades, guaranteed by certain of Cascades’ Canadian and US subsidiaries.

The offering was underwritten by a syndicate that included joint book-running managers CIBC World Markets Corp. and Scotia Capital (USA) Inc., as well as Citigroup Global Markets Inc. and NBF Securities (USA) Corp.

Cascades was represented in-house by Robert Hall, vice-president legal affairs and corporate secretary, assisted in Canada by Fraser Milner Casgrain LLP with a team that included Charles Spector and Vitale Santoro, and in the US by Jones Day with a team that included Meredith Berkowitz, Eric Maki, Jonathan Cole and Micah Nessan.

The dealers were represented by Davies Ward Phillips & Vineberg LLP with a team that included Patricia Olasker and Robert Murphy, and in the US by Weil, Gotshal & Manges LLP with a team that included Matthew Bloch and Boris Dolgonos.


Vitale A. Santoro Robert S. Murphy Micah D. Nessan Boris Dolgonos Charles R. Spector Patricia L. Olasker J. Eric Maki Meredith Berkowitz Jonathan Cole Matthew D. Bloch


Dentons Canada LLP Davies Ward Phillips & Vineberg LLP Weil, Gotshal & Manges LLP