Market News of Note

The amended and restated loan agreement includes, among other things, a liquidity covenant and a profitability target replacing the current leverage covenant up to and including 30 September 2026.

The Greenpac Mill, located in Niagara Falls, New York, manufactures lightweight containerboard, made with 100% recycled fibres.

Sappi's current shareholder split is around 70% South African and 30% non-South African

Magnera Corporation announced it will be added to the broad-market Russell 3000® Index following the annual reconstitution of the Russell indexes. The reconstituted indexes are set to take effect after the U.S. market closes on June 27, 2025.

Net income increased 6.5% to $47.3 million or $0.82 per diluted Class A share compared to net income of $44.4 million or $0.77 per diluted Class A share.

Kimberly-Clark expects that its common stock will cease trading on the NYSE at market close on Thursday, May 29, 2025, and will commence trading on Nasdaq on Friday, May 30, 2025.

The Company intends to use the proceeds from the offering to redeem all of its outstanding US$206 million aggregate principal amount of 5.125% Senior Notes due January 15, 2026, to repay a portion of the borrowings outstanding under its revolving credit facility and to pay related transaction fees and expenses.

Financing reflects strong confidence from the banking market.

Kimberly-Clark expects that its common stock will cease trading on the NYSE at market close on Thursday, May 29, 2025, and will commence trading on Nasdaq on Friday, May 30, 2025.

"Most of our customers that export, especially to the U.S., really don't know what the price of their goods is going to be," said Cristian Infante, who heads Copec's forestry arm Arauco, in a presentation. "So they're trying to buy as little as possible."

Operations generated $2.8bn in 2024 in three countries with eight mills and two conversion facilities.

Revenue was $546.1 million in Q1 2025 compared to $479.4 million in Q1 2024, an increase of $66.7 million or 13.9%.

Mondi PLC reported on Thursday its profitability was robust for the first quarter of 2025, crediting a rise in sales volumes and cost-control efforts.

Suzano, the world's largest pulp producer, announces its first quarter results for 2025 (1Q25) with record net revenue of R$11.6 billion, up 22% on the same quarter last year (1Q24). The result was driven by the exchange rates, increased pulp sales volumes from the new Ribas do Rio Pardo mill, higher paper volume and prices and the positive contribution from our paperboard mills recently acquired in the U.S.

Q1 2025 operating loss of $29 million; shareholder net loss of $31 million, or $0.26 per share.

Net Loss for the quarter of $32 million, a $30 million decline from prior year quarter.

Net income of $27 million ($0.65 per diluted share) vs. $81 million ($1.94 per diluted share)

Canada and the United States have been without a softwood lumber deal since 2015 and B.C. softwood lumber exporters pay duties of 14.4 per cent with those expected to jump to 34.5 per cent in the fall.

GAAP: Net sales of $824 million, Operating income of $4 million.

Sales of $484.8 million decreased 3.1% year over year, and 0.2% on an organic basis

Sales of $1,154 million (compared with $1,211 million in Q4 2024 and $1,109 million in Q1 2024)

Adjusted EBITDA of $49 million and Net Loss of $35 million

Net sales for the first quarter of 2025 remained flat at $724 million.

Kimberly-Clark slashed its annual profit forecast on Tuesday as the Kleenex tissue maker said it would incur about $300 million in costs this year due to U.S. President Donald Trump's broad trade tariffs.

Unifor is calling for a large-scale Team Canada approach to support the forestry sector across Canada after the U.S. Department of Commerce's recent announcement that will more than double the combined duties on Canadian softwood lumber.