STOCK TITAN

Clearwater Paper refinances $275M notes with 2031 loans

(Very High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Clearwater Paper Corporation (CLW) entered into a Second Amended and Restated Credit Agreement on September 18, 2026, establishing a $200 million Revolving Loan Facility and a $275 million Term Loan Facility, both secured by substantially all personal property and, after post-closing steps, key real property including mills in Georgia, Arkansas, and Idaho. The term loan was fully drawn and $15 million was drawn on the revolver at closing, with an initial interest rate of 8.25% per annum, and maturity on September 18, 2031.

The company used these borrowings to fund the full redemption of $275 million of 4.750% Senior Notes due 2028, pay accrued and unpaid interest of $1.7 million through the October 3, 2026 redemption date, and repay and terminate its ABL Credit Agreement. The term loan amortizes with annual principal payments of $5.5 million starting December 1, 2027. The revolver includes a $10 million letter-of-credit sublimit and an uncommitted $100 million increase option after delivery of 2027 year-end financials. Financial covenants require a minimum Debt Service Coverage Ratio rising to 3.00:1.00 and a minimum current ratio of 1.75:1.00.

Positive

  • $275 million of 4.750% Senior Notes due 2028 are being fully redeemed and replaced with a term loan maturing in 2031, significantly extending Clearwater Paper’s debt maturity profile.
  • The new capital structure provides a $200 million revolving facility plus an uncommitted $100 million increase option, enhancing liquidity flexibility subject to conditions.

Negative

  • None.

Insights

Analyzing...

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 1.02 Termination of a Material Definitive Agreement Business
A significant contract was terminated, which may affect business operations or revenue.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Revolving Loan Facility commitment $200,000,000 Maximum principal amount under the new revolving credit facility, subject to borrowing base limits
Term Loan Facility principal $275,000,000 Aggregate principal amount of the new term loan, fully drawn at closing
Initial interest rate 8.25% per annum Initial rate on the Term Loan Facility and Refinancing Date revolver borrowings
Annual term loan amortization $5,500,000 Principal due each December 1 starting December 1, 2027
2028 Notes redeemed $275,000,000 Aggregate principal amount of 4.750% Senior Notes due 2028 to be redeemed in full
Accrued interest on 2028 Notes $1,700,000 Accrued and unpaid interest paid through the October 3, 2026 Redemption Date
Revolver increase option $100,000,000 Uncommitted increase option for the Revolving Loan Facility after 2027 financials, subject to conditions
Debt Service Coverage Ratio covenant 3.00:1.00 Minimum ratio required for fiscal quarters ending after September 30, 2027
Revolving Loan Facility financial
"The credit facilities provided under the Credit Agreement consist of (i) a revolving loan commitment"
A revolving loan facility is a flexible credit line a company can draw from, repay, and draw again as needed, similar to a business-sized credit card. It matters to investors because it provides short-term cash for operations, acquisitions, or unexpected expenses without issuing new shares, and its size, cost, and terms signal a company’s liquidity, borrowing capacity and financial resilience under stress.
Term Loan Facility financial
"and (ii) a term loan commitment in the aggregate principal amount of $275 million"
A term loan facility is a type of loan provided by a lender that is repaid over a set period of time, usually with fixed payments. It functions like a large, upfront loan that a borrower agrees to pay back gradually, often used to fund major investments or projects. For investors, understanding a company's use of such loans helps assess its financial stability and risk level.
Debt Service Coverage Ratio financial
"require the Company to maintain (i) a Debt Service Coverage Ratio"
Debt service coverage ratio measures how many times a company's available cash flow can pay its scheduled debt payments (interest plus principal). Think of it like checking how many months of take-home pay it would take to cover your mortgage and loan bills; a higher number means a bigger cushion against missed payments. Investors use it to gauge credit risk, the likelihood of default, and whether a company can afford dividends or new borrowing.
current ratio financial
"and (ii) a “current ratio” of current assets to current liability"
The current ratio measures a company’s short-term ability to pay upcoming bills by comparing assets that can be turned into cash within a year (like cash, inventory, and receivables) to obligations due within the same period. Investors use it like a household budget check — a ratio above 1 suggests the company has more short-term resources than immediate debts, while a very low or very high ratio can signal liquidity risk or inefficient use of assets.
secured overnight financing rate financial
"Loans under the Credit Agreement generally bear interest based on the one-month or three-month term rates for the secured overnight financing rate"
A secured overnight financing rate (SOFR) is a daily benchmark interest rate that reflects the cost of borrowing cash overnight using U.S. Treasury securities as collateral. Think of it as the market price to “rent” cash for a day with a very safe pledge, similar to paying a short-term rental fee for money backed by government bonds. Investors track SOFR because it underpins pricing for loans, bonds and derivatives, so movements change borrowing costs, interest income and the valuation of interest-rate–linked positions.
patronage dividends financial
"The Company may receive patronage dividends under the Credit Agreement"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What major financing did Clearwater Paper (CLW) complete on September 18, 2026?

Clearwater Paper entered into a Second Amended and Restated Credit Agreement providing a $200 million Revolving Loan Facility and a $275 million Term Loan Facility, both secured by substantially all personal property and, after post-closing steps, key real property, with maturity on September 18, 2031.

How is Clearwater Paper (CLW) using the proceeds of the new credit facilities?

Borrowings were used to fund redemption of $275 million 4.750% Senior Notes due 2028, pay $1.7 million of accrued interest through the October 3, 2026 redemption date, and pay in full and terminate the company’s ABL Credit Agreement and related fees.

What are the key terms of Clearwater Paper’s new Revolving Loan Facility?

The Revolving Loan Facility has a maximum principal amount of $200 million subject to borrowing base limits, includes up to $10 million for letters of credit, had $15 million drawn at closing, and may be increased by up to $100 million after delivery of 2027 year-end financial statements, subject to conditions.

What is the interest rate on Clearwater Paper’s new debt under the Credit Agreement?

Loans generally bear interest based on one- or three-month SOFR, a SOFR monthly variable base rate, or the agent’s fixed rate, plus a margin between 2.50% and 4.75% per year, tied to the consolidated leverage ratio. The initial rate on the term loan and initial revolver borrowings is 8.25% per annum.

What financial covenants apply to Clearwater Paper’s new Credit Agreement?

Clearwater Paper must maintain a minimum Debt Service Coverage Ratio of 2.65:1.00 through June 30, 2027, 2.75:1.00 for the quarter ending September 30, 2027, and 3.00:1.00 thereafter, plus a minimum current ratio of 1.75:1.00 at each fiscal quarter-end.

When does Clearwater Paper’s new term loan begin amortizing and by how much?

The company must repay the outstanding principal under the Term Loan Facility in annual installments of $5.5 million on December 1 of each year, commencing on December 1, 2027, with any remaining principal due at maturity on September 18, 2031.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
Clearwater Paper Corp false 0001441236 0001441236 2026-09-18 2026-09-18
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 18, 2026

 

 

CLEARWATER PAPER CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-34146   20-3594554

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

601 West Riverside, Suite 300

Spokane, WA

  99201
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (509) 344-5900

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

Common Stock, par value $0.0001 per share  

CLW

  New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 1.01. Entry into a Material Definitive Agreement.

On September 18, 2026 (the “Refinancing Date”), Clearwater Paper Corporation (the “Company”) entered into a Second Amended and Restated Credit Agreement by and among the Company, AgWest Farm Credit, PCA, as administrative agent (the “Agent”), and the lenders party thereto (the “Credit Agreement”). The credit facilities provided under the Credit Agreement that are summarized below replace both the (i) term revolver facility previously provided under the Company’s Amended and Restated Credit Agreement dated May 1, 2024, among the Company, the Agent and the lenders party thereto (as amended, the “Existing Credit Agreement”) and (ii) revolving credit facility previously provided under the Company’s ABL Credit Agreement dated July 26, 2019, by and among the Company, as borrower, the several lenders from time to time parties thereto and JPMorgan Chase Bank, N.A., as administrative agent (as amended, the “ABL Credit Agreement”). The Credit Agreement amends and restates the Existing Credit Agreement.

The credit facilities provided under the Credit Agreement consist of (i) a revolving loan commitment in the maximum principal amount (subject to borrowing base limitations based on a percentage of applicable eligible receivables and eligible inventory) of $200 million (the “Revolving Loan Facility”), $15 million of which was drawn after giving effect to the closing of the Credit Agreement transaction on the Refinancing Date and (ii) a term loan commitment in the aggregate principal amount of $275 million (the “Term Loan Facility”), which was fully drawn after giving effect to the closing of the Credit Agreement transaction on the Refinancing Date. A portion of the Revolving Loan Facility of up to $10 million is available for the issuance of letters of credit. After the Company delivers its financial statements for the fiscal year ending December 31, 2027, the Company may increase commitments under the Revolving Loan Facility by an aggregate principal amount of up to $100 million in accordance with the requirements of the Credit Agreement and subject to obtaining commitments for such increase from participating lenders and certain other conditions.

The proceeds from the Refinancing Date borrowings under the Credit Agreement were used by the Company to fund the redemption in full of $275 million aggregate principal amount of the Company’s 2028 Notes (defined below), to pay in full and terminate its ABL Credit Agreement, and to pay fees and expenses incurred in connection with the Credit Agreement and the other transactions in connection therewith.

The Credit Agreement matures and the lending obligations under the Revolving Loan Facility terminate on September 18, 2031. The obligations of the Company under the Credit Agreement are secured by liens on substantially all personal property assets, and upon satisfaction of certain post-closing conditions will be secured by all material real property assets (including its mills in Georgia, Arkansas, and Idaho), of the Company and each of its domestic subsidiaries that are guarantors of the Credit Agreement.

 

 

2


The Company may, at its option, prepay and reborrow any borrowings under the Revolving Loan Facility, in whole or in part, at any time and from time to time without premium or penalty (except in certain circumstances). Borrowings under the Revolving Loan Facility are also subject to mandatory prepayment if borrowings exceed applicable borrowing base limits. The Company may, at its option, prepay any borrowings under the Term Loan Facility, in whole or in part, at any time and from time to time without premium or penalty. The Company is required to repay the aggregate outstanding principal amount of the borrowings under the Term Loan Facility in annual installments of $5.5 million on December 1 of each year, commencing on December 1, 2027. In addition, the Company must make mandatory prepayments of principal under the Term Loan Facility upon the occurrence of certain specified events, including certain asset sales (subject to customary reinvestment rights), receipt of proceeds from settlements of or payments in respect of any property or casualty insurance claim or any condemnation proceeding (subject to customary reinvestment rights) and debt issuances not otherwise permitted under the Credit Agreement. Any remaining outstanding principal balance under the Credit Agreement is repayable on the maturity date.

Loans under the Credit Agreement generally bear interest based on the one-month or three-month term rates for the secured overnight financing rate (“SOFR”), a SOFR monthly variable base rate or the Agent’s fixed rate, as applicable, plus, in each case, an applicable margin between 2.50% per annum and 4.75% per annum based on the Company’s consolidated leverage ratio (as defined under and calculated in accordance with Credit Agreement). The initial interest rate appliable to the Term Loan Facility and Refinancing Date borrowings under the Revolving Loan Facility is 8.25% per annum. The Company may receive patronage dividends under the Credit Agreement. Patronage dividends are distributions of profits from banks in the farm credit system. Patronage dividends, which are generally made in cash, are accrued as earned and recorded as a reduction to interest expense.

The Credit Agreement contains certain customary representations, warranties, and affirmative and negative covenants of the Company and its subsidiaries that restrict the Company’s and its subsidiaries’ ability to take certain actions, including, incurrence of indebtedness, creation of liens, mergers or consolidations, making capital expenditures in excess of specified amounts, dispositions of assets, repurchase or redemption of capital stock and certain types of indebtedness, making certain investments and acquisitions, entering into certain transactions with affiliates or changing the nature of the Company’s business. In addition, the Credit Agreement contains financial covenants which require the Company to maintain (i) a Debt Service Coverage Ratio (as defined in the Credit Agreement) as of the end of any fiscal quarter of not less than: (a) from the Refinancing Date through and including the fiscal quarter ending June 30, 2027, 2.65 to 1.00, (b) with respect to the fiscal quarter ending September 30, 2027, 2.75 to 1.00, and (c) for any fiscal quarter ending thereafter, 3.00 to 1.00 and (ii) a “current ratio” of current assets to current liability of not less than 1.75 to 1.00 as of the end of any fiscal quarter. The obligations under the Credit Agreement may be accelerated or the commitments terminated upon the occurrence of events of default under the Credit Agreement, which include payment defaults, defaults in the performance of affirmative and negative covenants, the inaccuracy of representations or warranties, bankruptcy and insolvency related defaults, cross defaults to other material indebtedness, changes in control based upon a third party acquiring more than 40% of the equity interests of the Company, uninsured losses, damage to, loss or theft of collateral under the Credit Agreement and other customary events of default.

The foregoing description of the Credit Agreement is qualified in its entirety by reference to the Credit Agreement which is attached hereto as Exhibit 10.1 and which is incorporated by reference herein.

 

 

3


Item 1.02. Termination of a Material Definitive Agreement.

Redemption of 4.750% Senior Notes due 2028 and Satisfaction and Discharge of Indenture

On September 18, 2026, the Company notified the holders of the Company’s existing 4.750% Senior Notes due 2028 (the “2028 Notes”) of the Company’s election to redeem in full the currently outstanding $275 million aggregate principal amount of 2028 Notes on October 3, 2026 (the “Redemption Date”), in accordance with that certain Indenture dated as of August 18, 2020 (the “Indenture”), by and among the Company, the guarantors party thereto and U.S. Bank National Association, as trustee (the “Trustee”), governing the 2028 Notes. Using the proceeds from the Credit Agreement, the Company irrevocably deposited with the Trustee sufficient funds to fund the redemption of the 2028 Notes on the Redemption Date. As a result, the Company’s and the guarantors’ obligations under the Indenture have been discharged in accordance with its terms, and in connection with the redemption, the Company paid accrued and unpaid interest of $1.7 million through the Redemption Date, after which the 2028 Notes will be fully redeemed as of the Redemption Date.

Termination of ABL Credit Agreement

Concurrently with the Company’s entry into the Credit Agreement described in Item 1.01 above, the Company paid in full and terminated the ABL Credit Agreement. As a result, the Company’s and the guarantors’ obligations under the ABL Credit Agreement have been discharged.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 of this Form 8-K is incorporated by reference herein in its entirety.

Item 7.01. Regulation FD Disclosure.

On September 21, 2026, the Company issued a press release related to the foregoing, a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information in this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Forward-Looking Statements

This Current Report on Form 8-K contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, as amended by the Private Securities Litigation Reform Act of 1995 as amended, including statements regarding the Company’s ability to increase the commitments under the Revolving Loan Facility, including the satisfaction of applicable conditions and the availability of commitments from participating lenders; the satisfaction of post-closing conditions and the

 

 

4


creation, perfection and priority of liens securing the obligations under the Credit Agreement; and the anticipated timing and completion of the redemption of the 2028 Notes, including the payment of the redemption price and accrued and unpaid interest and the full redemption on the Redemption Date. These forward-looking statements are based on management’s current expectations, assumptions and information available as of the date of this Current Report on Form 8-K and are subject to change. The Company’s actual results may differ materially from those expressed or implied by the forward-looking statements contained in this Current Report on Form 8-K. Factors that could cause or contribute to such material differences in actual results include, but are not limited to: the Company’s ability to satisfy the conditions applicable to any increase in the commitments under the Revolving Loan Facility; the willingness and ability of participating lenders to provide additional commitments; the Company’s ability to comply with the covenants and other obligations under the Credit Agreement; changes in interest rates, credit market conditions and general economic conditions; the Company’s level of indebtedness and ability to service its debt; delays or difficulties in satisfying the post-closing conditions or creating, perfecting or establishing the intended priority of the liens securing the obligations under the Credit Agreement; circumstances affecting the timing or completion of the redemption of the 2028 Notes; and the other risks and uncertainties described from time to time in the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, periodic Quarterly Reports on Form 10-Q, periodic Current Reports on Form 8-K and other documents filed with the Securities and Exchange Commission. The foregoing list of important factors is not exhaustive and undue reliance should not be placed on any forward-looking statements. The forward-looking statements are made as of the date of this Current Report on Form 8-K and the Company does not undertake to update any forward-looking statements, except as may be required by law.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibit Index

 

Exhibit

  

Description

10.1*^    Second Amended and Restated Credit Agreement, dated September 18, 2026, by and among Clearwater Paper Corporation, AgWest Farm Credit, PCA, as administrative agent, and the lenders party thereto.
99.1    Press release issued by Clearwater Paper Corporation, dated September 21, 2026.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

*

Schedules or similar attachments have been omitted from this filing pursuant to Item 601(a)(5) of Regulation S-K. Clearwater Paper Corporation agrees to furnish a copy of any omitted schedule or similar attachment to the SEC upon request.

^

Certain personally identifiable information has been omitted from this exhibit pursuant to Item 601(a)(6) of Regulation S-K.

 

 

5


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: September 21, 2026

CLEARWATER PAPER CORPORATION

 

By:  

/s/ Marc D. Rome

  Marc D. Rome, Senior Vice President, General Counsel and Corporate Secretary

 

6

Exhibit 99.1

Clearwater Paper Refinances Debt and Secures New Credit Facility

September 21, 2026

SPOKANE, Wash., Clearwater Paper Corporation (NYSE: CLW) today announced the successful refinancing of its senior notes due in 2028, along with the refinancing of both its existing term revolver credit facility and its existing ABL revolving credit facility. The existing notes and credit facilities have been replaced with a new term loan and revolving credit facility, meaningfully extending the company’s debt maturities.

On September 18, 2026, Clearwater Paper entered into an amended and restated credit agreement with AgWest Farm Credit, PCA, as administrative agent, and a syndicate of lenders.

The new financing package includes:

 

   

A $200 million revolving credit facility with approximately $15 million outstanding at closing.

 

   

A $275 million term loan facility, which was fully funded at closing.

The revolving credit facility also includes an uncommitted $100 million increase option that is available to Clearwater Paper subject to lender participation, delivery of its 2027 year-end financial statements and other customary conditions.

“This refinancing extends our debt maturities and provides greater certainty as we execute our long-term strategy,” said Arsen Kitch, President and CEO. “We appreciate the support of our Farm Credit System partners and believe the new capital structure gives Clearwater Paper a stable foundation for continued execution of our business and capital allocation priorities.”

Borrowings under the new credit agreement were used to pay off and terminate the existing ABL credit facility and pay the redemption price, which will be used to redeem Clearwater Paper’s outstanding $275 million senior notes due 2028 in full.

The new credit agreement matures in five years, on September 18, 2031, thereby extending Clearwater Paper’s long-term debt maturity profile.

For more information, see Clearwater Paper’s Current Report on Form 8-K filed with the Securities Exchange Commission on September 21, 2026.

ABOUT CLEARWATER PAPER CORPORATION

Clearwater Paper is a premier independent supplier of paperboard packaging products to North American converters. Headquartered in Spokane, Wash., our team produces high-quality paperboard that provides sustainable packaging solutions for consumer goods and food service applications. For additional information, please visit our website at www.clearwaterpaper.com.


FORWARD LOOKING STATEMENTS

This press release contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995 as amended, including statements regarding the expected benefits of Clearwater Paper’s refinancing transaction; Clearwater Paper’s debt maturity profile; the availability and potential use of the uncommitted increase option under the revolving credit facility; and Clearwater Paper’s ability to execute its long-term strategy and business and capital allocation priorities. These forward-looking statements are based on management’s current expectations, assumptions and information available as of the date of this press release and are subject to change. Clearwater Paper’s actual results may differ materially from those expressed or implied by the forward-looking statements contained in this press release. Factors that could cause or contribute to such material differences in actual results include, but are not limited to: Clearwater Paper’s ability to realize the anticipated benefits of the refinancing transaction; the availability of borrowings under the revolving credit facility; lender participation in, and Clearwater Paper’s satisfaction of the conditions applicable to, the uncommitted increase option; Clearwater Paper’s ability to comply with the covenants and satisfy the terms and conditions contained in the credit agreement; changes in interest rates and general economic conditions; Clearwater Paper’s level of indebtedness and ability to service its debt; and other risks and uncertainties described from time to time in Clearwater Paper’s public filings with the Securities and Exchange Commission, including Clearwater Paper’s Annual Report on Form 10-K for the year ended December 31, 2025, periodic Quarterly Reports on Form 10-Q, periodic Current Reports on Form 8-K and other documents filed with the Securities and Exchange Commission. The foregoing list of important factors is not exhaustive, and undue reliance should not be placed on any forward-looking statements. The forward-looking statements are made as of the date of this press release and Clearwater Paper does not undertake to update any forward-looking statements, except as may be required by law.

Clearwater Paper Corporation

Investors contact:

investorinfo@clearwaterpaper.com

509-344-5906

News media:

Virginia Aulin, Senior Vice President, Human Resources and Corporate Affairs

509-344-5967

Virginia.aulin@clearwaterpaper.com

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