CLW, US18539C2044

Clearwater Paper stock gains as refinancing extends debt maturities

Published on 09/22/2026 at 15:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Clearwater Paper stock closed at USD 20.89 on September 21, 2026, up 1.06 percent after a new credit package. The agreement matures in 2031.

CLW, US18539C2044, Illustration mit AI erstellt.

Clearwater Paper Corporation (ISIN US18539C2044) closed at USD 20.89 on the NYSE on September 21, 2026, up USD 0.22 or 1.06 percent from the prior close. The move followed a refinancing package that replaces debt due in 2028 and shifts the key maturity to September 18, 2031.

Debt maturity moves to 2031

According to Pulse2 on September 22, 2026, Clearwater Paper entered the amended credit agreement on September 18, 2026. The new package contains a USD 200 million revolving credit facility and a fully funded USD 275 million term loan, for USD 475 million of committed facilities.

The refinancing also included approximately USD 15 million outstanding under the revolver at closing, while the term loan was fully funded. Borrowings were used to terminate the existing asset-based lending facility and redeem USD 275 million of senior notes due in 2028, according to Business Wire on September 22, 2026.

Shares remain below yearly high

The September 21 price of USD 20.89 stood USD 2.70 below the 52-week high of USD 23.59 and USD 9.16 above the 52-week low of USD 11.73. That places the stock 11.4 percent below its yearly high, while the refinancing gives the market a specific balance-sheet comparison: the main maturity moves from 2028 to 2031.

Market capitalization was USD 336.91 million as of September 21, 2026. The company is a supplier of paperboard packaging products to North American converters, and its small market value means that changes in financing costs and refinancing risk can materially affect the equity story.

Refinancing changes the risk profile

The new agreement also includes an uncommitted USD 100 million increase option, subject to lender participation, delivery of Clearwater Paper's 2027 year-end financial statements and customary conditions, according to Pulse2 on September 22, 2026. The refinancing therefore extends the debt timetable, but it does not remove the need to manage the term loan, revolving borrowings and future financial-statement conditions.

Stock stays below the yearly peak

Clearwater Paper stock was priced at USD 20.89 on the NYSE as of September 21, 2026, with the latest quoted daily change at plus 1.06 percent. The shares remained below the USD 23.59 52-week high while the USD 336.91 million market capitalization kept the company in small-cap territory.