Resolute Completes Sale of Catawba, SC, Paper and Pulp Mill to New-Indy

Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced that, on December 31, 2018, it completed the previously disclosed sale of the Catawba, South Carolina, paper and pulp mill to New-Indy Containerboard, LLC (“New-Indy”), pursuant ┬áto the terms of the asset purchase agreement dated October 2, 2018. The total purchase price of about $300 million consists of $260 million in cash, before customary closing adjustments, and the assumption of approximately $40 million of balance sheet liabilities, largely net pension benefit obligations.

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