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Domtar Corporation (NYSE: UFS) will announce its Q1 2021 financial results on May 6, 2021, prior to market opening. A conference call for financial analysts is scheduled for 10:00 a.m. ET, where they can dial 1-800-700-1722 to participate. The public can access the live webcast at www.domtar.com. Domtar is a key provider of fiber-based products, generating approximately $3.7 billion in annual sales with around 6,600 employees across more than 50 countries.
Domtar Corporation (NYSE: UFS) has announced the redemption of $300 million of its 4.40% Notes due 2022, which represents all outstanding notes. The redemption price will be at 100% of the principal, plus accrued and unpaid interest up to the redemption date on April 8, 2021, along with a calculated make-whole premium. Registered holders will receive a notice regarding the redemption on or about March 8, 2021. Payments will be facilitated through The Bank of New York Mellon and DTC for relevant holders.
Domtar Corporation (NYSE: UFS) has terminated its cash tender offers for its 4.400% Senior Notes due 2022 and up to $300 million of its 6.750% Senior Notes due 2044 and 6.250% Senior Notes due 2042. The termination is unconditional, and all tendered notes will not be purchased, with instructions automatically revoked and notes returned to holders. Instead, Domtar will redeem all $300 million of the 2022 Notes and repay $294 million of outstanding debt under its Term Loan Agreement with CoBank, ACB.
Domtar Corporation (NYSE: UFS) has initiated an accelerated share repurchase (ASR) agreement with JPMorgan Chase to buy back $200 million of its common stock. The agreement will commence with an initial delivery of 4,430,906 shares, with the final count depending on the average daily stock prices during the evaluation period. The funding for this buyback will come from cash reserves, including proceeds from the recent divestiture of its Personal Care segment. Domtar aims to enhance shareholder value through this strategic financial move.
Domtar Corporation (NYSE: UFS) has launched cash tender offers for its 4.400% Senior Notes due 2022 and a combined total of $300 million for its 6.750% Senior Notes due 2044 and 6.250% Senior Notes due 2042. The Offers aim to reduce the Company's debt and interest expenses and will expire on March 26, 2021. Holders must tender their Notes by March 12, 2021, for the Total Consideration. The Offers are subject to conditions and may be amended or extended.
Domtar Corporation (NYSE: UFS) has finalized the sale of its Personal Care business to American Industrial Partners for $920 million. This sale marks a pivotal step in Domtar's strategy to transition into a leading paper, pulp, and packaging company. Domtar plans to allocate $600 million from the proceeds to reduce debt and $300 million for share buybacks. CEO John D. Williams emphasized that this move will enhance liquidity and strengthen the company's balance sheet, contributing to ongoing portfolio optimization.
Domtar Corporation (NYSE: UFS) will have its CEO, John D. Williams, present at the Virtual Bank of America Global Agriculture and Materials Conference on March 4, 2021, at 2:00 p.m. (ET). The presentation aims to showcase the company's strategic insights in the agricultural and materials sector. Domtar is a leading provider of fiber-based products, generating annual sales of approximately $3.7 billion, with operations in over 50 countries. Interested parties can access the presentation via Domtar's corporate website.
Domtar Corporation (NYSE: UFS) announced that John D. Williams will return as President and CEO on March 1, 2021, after a temporary medical leave. Daniel Buron, who took on Williams' responsibilities during his absence, will continue as Executive Vice President and CFO. Domtar, a leading producer of fiber-based products, boasts annual sales of approximately $3.7 billion and serves customers across 50 countries. The company's commitment to sustainable wood fiber translates into essential products for everyday use.
Domtar Corporation (NYSE: UFS) has announced key appointments to its management committee aimed at streamlining operations and advancing its strategic focus on paper, pulp, and packaging. Effective February 23, 2021, the new roles include Maria Brennan as senior vice president of procurement, Bill Edwards as senior vice president of pulp and paper operations, Steven Henry heading packaging, Stephen Makris overseeing business transformation, and Robert Melton managing pulp and paper commercial efforts. Additionally, Zygmunt Jablonski will leave the company on April 2, 2021, with Nancy Klembus and Richard McAtee stepping into new roles.
Domtar Corporation (NYSE: UFS) reported a net loss of $59 million ($1.07 per share) for Q4 2020, an improvement from the $92 million loss in Q3 2020. Sales were $0.9 billion for the quarter. The loss included a $43 million hit from discontinued operations due to the sale of the Personal Care Business. Excluding these operations, earnings from continuing operations were $19 million ($0.34 per share). For fiscal 2020, the company reported a net loss of $127 million compared to a profit of $84 million in 2019. Cash flow from operations stood at $135 million with a free cash flow of $90 million in Q4.
