Clearwater Paper Corporation is an enterprise engaged in the manufacturing and supply of bleached paperboards, alongside various tissue products for consumers and parent roll applications, serving both the United States and international markets. Its operations are structured into two distinct divisions: Pulp and Paperboard, and Consumer Products. The Pulp and Paperboard segment delivers a diverse portfolio of items, including folding cartons, liquid packaging, cups, plates, materials for blister and carded packaging, top sheet and commercial printing papers, and softwood pulp. This division also provides tailored processing services such as custom sheeting, slitting, and cutting of paperboard. Its primary customers are packaging and folding carton converters, general merchants, and commercial printing firms. The Consumer Products division offers an extensive selection of household paper goods, encompassing bath tissues, paper towels, facial tissues, and napkins. Furthermore, it provides economical recycled fiber products and tissue solutions designed for commercial or institutional (away-from-home) use. This segment distributes its merchandise to a broad network of retailers and wholesale channels, including major grocery chains, club stores, mass market retailers, and discount outlets. Clearwater Paper Corporation was founded in 2005 and maintains its corporate headquarters in Spokane, Washington.
Clearwater Paper Refinances Debt and Secures New Credit Facility
Clearwater Paper refinanced its senior notes due 2028 along with its term revolver and ABL revolving credit facility, entering an amended and restated credit agreement on September 18, 2026 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 roughly $15 million outstanding at closing, a fully funded $275 million term loan, and an uncommitted $100 million increase option available subject to lender participation and customary conditions.
Borrowings under the new agreement paid off and terminated the existing ABL facility and will redeem the company's $275 million senior notes due 2028 in full; the new facilities mature on September 18, 2031, extending the debt maturity profile.
CEO Arsen Kitch framed the deal as providing greater certainty and a stable foundation for the company's business and capital allocation priorities, with details filed in an 8-K on September 21, 2026.