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AI brief of an SEC Form 8-K · Clearwater Paper Corp (CLW)

Clearwater Paper refinances 2028 notes and ABL credit facility with new credit agreement

Neutral Impact 3 of 5 financing Written later

On September 18, 2026, Clearwater Paper entered a $200 million revolving credit facility and a $275 million term loan with AgWest Farm Credit, PCA as agent, replacing its existing term revolver and ABL credit facilities. Proceeds were used to pay off the ABL facility and to redeem in full the $275 million 4.750% Senior Notes due 2028 on October 3, 2026, and the new credit agreement matures on September 18, 2031, extending the company's debt maturities.

Key points

  • The $200 million revolving facility had about $15 million drawn at closing, and the $275 million term loan was fully funded.
  • The company will redeem its $275 million 4.750% Senior Notes due 2028 on October 3, 2026 and paid $1.7 million of accrued interest through the redemption date.
  • Initial interest rate on the term loan and Refinancing Date revolver borrowings is 8.25% per annum; the term loan amortizes $5.5 million annually from December 1, 2027, and the facility matures September 18, 2031.

The filing

CompanyClearwater Paper Corp (CLW)
Form8-K, current report
Filed with the SECSep 21, 2026, 6:52 AM ET
Accession number0001193125-26-396048

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.03 New Direct Financial Obligation7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 21, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.