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Cascades ( (TSE:CAS) ) has provided an announcement.
Cascades Inc. announced the pricing of a private placement of US$400 million in Senior Notes due 2030, with a 6.750% interest rate. The proceeds will be used to redeem existing notes, repay part of its revolving credit facility, and cover transaction costs, potentially strengthening its financial position and operational flexibility.
The most recent analyst rating on (TSE:CAS) stock is a Hold with a C$12.50 price target. To see the full list of analyst forecasts on Cascades stock, see the TSE:CAS Stock Forecast page.
Spark’s Take on TSE:CAS Stock
According to Spark, TipRanks’ AI Analyst, TSE:CAS is a Neutral.
Cascades’ overall stock score reflects a combination of stable revenue growth and solid cash flow management, weighed down by profitability challenges and bearish technical indicators. Despite a high dividend yield, the negative P/E ratio raises valuation concerns. Recent earnings call insights and corporate events suggest cautious optimism, with strategic initiatives aimed at improving financial health.
To see Spark’s full report on TSE:CAS stock, click here.
More about Cascades
Cascades Inc. operates in the packaging and tissue products industry, focusing on sustainable development. The company produces, converts, and markets packaging and tissue products composed mainly of recycled fibers, serving a variety of markets including food and beverage, consumer products, and industrial sectors.
Average Trading Volume: 274,935
Technical Sentiment Signal: Sell
Current Market Cap: C$883.8M
Learn more about CAS stock on TipRanks’ Stock Analysis page.