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News Oct 01, 2014

Shearman & Sterling Advises on Tembec Industries Inc.’s $375 Million Senior Secured Notes Offering

Shearman & Sterling represented Tembec Industries Inc., a wholly owned subsidiary of Tembec Inc. (“Tembec”), in connection with a Rule 144A/Regulation S offering of $375 million aggregate principal amount of Tembec Industries Inc.’s 9% Senior Secured Notes due 2019 (the “Notes”). The Notes are guaranteed by Tembec and certain of Tembec’s current subsidiaries (other than Tembec Industries Inc.) on a senior secured basis.

Tembec is a diversified and integrated forest products company. Founded in 1972 and headquartered in Montreal, Québec with principal operations in Canada and France, Tembec is listed on the Toronto Stock Exchange under the symbol “TMB.”

The Shearman & Sterling team included partners Jason Lehner (Toronto/New York-Capital Markets) and Laurence Crouch (Palo Alto-Tax), counsel Jeff Salinger (New York-Environmental), and associates Kevin Roggow (Toronto-Capital Markets), Ana Aur (Toronto-Capital Markets), Bilal Choksi (Toronto-Capital Markets), Drew Valentine (Toronto-Capital Markets) and Alice Townes (Palo Alto-Tax).