Cascades issues US$550 million of 5.50% Senior Notes and CAD$250 million of 5.50% Senior Notes and completes concurrent tender offer for 7 ¾% Senior Notes and 7 ¾% Senior Notes

Client(s) Cascades, Inc.

Jones Day advised Cascades Inc., a Canadian corporation and a diversified producer, converter, and marketer of packaging and tissue products produced mainly from recycled fibers in Canada, the United States, and Europe, in connection with its issuance of US$550 million in aggregate principal amount of 5.50% Senior Notes due 2022 and CAD$250 million in aggregate principal amount of 5.50% Senior Notes due 2021 in a Rule 144A and Regulation S offering. Jones Day also advised Cascades in its concurrent tender offer and consent solicitation for any and all of its 7 ¾% Senior Notes due 2017 and 7 ¾% Senior Notes due 2016.