|Bid||1.2000 x 3100|
|Ask||1.4000 x 900|
|Day's Range||N/A - N/A|
|52 Week Range||undefined - undefined|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 13, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Moody's Investors Service ("Moody's") commented that Cascades Inc.'s ("Cascades", Ba2 stable) $216 million acquisition of Orchids Paper Products Company ("Orchids", unrated ) is credit positive for Cascades because it will broaden its tissue platform and generate cost synergies. Additionally, the acquisition will allow Cascades to accelerate the modernization of its under-performing tissue asset base while only modestly increasing the company's leverage.
BRENTWOOD, Tenn., April 1, 2019 /PRNewswire/ -- Orchids Paper Products Company (NYSE American: TIS) (the "Company"), a leading manufacturer and national supplier of high quality consumer tissue products, including paper towels, bathroom tissue and paper napkins, today announced it has entered into an option agreement (the "Option") with Orchids Investment LLC ("OI"). The Option gives the Company the right to execute an asset purchase agreement with OI (the "Purchase Agreement"), through which, should the Company exercise the Option, OI would acquire substantially all of the Company's assets in exchange for a credit bid of approximately $175,000,000 against the Company's obligations under its pre-petition secured credit facility plus other consideration. OI is indirectly owned by a fund affiliated with Black Diamond Capital Management, L.L.C. and Brant Paper Investment Company LLC. To facilitate the potential sale and address its debt obligations, the Company has initiated proceedings under chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware ("Court").
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BRENTWOOD, Tenn., Jan. 29, 2019 /PRNewswire/ -- Orchids Paper Products Company (NYSE American: TIS), a national supplier of high-quality consumer tissue products, today announced that it has reached an agreement to amend its credit agreement dated June 25, 2015 with its new lender, Black Diamond Commercial Finance, L.L.C., as successor to U.S. Bank National Association, and Orchids Investment L.L.C., as successor to the lenders party to the credit agreement. While the Company is continuing to pursue a transaction to address its liquidity needs, there can be no assurance that the Company will be able to consummate any sale, transaction, or refinancing on terms that are satisfactory to it, or at all.
NEW YORK, NY / ACCESSWIRE / November 26, 2018 / Roku shares were little changed on Friday despite a report on Apple reportedly creating a streaming device. Shares of Orchids Paper were blowing up on news ...
BRENTWOOD, Tenn. , Nov. 21, 2018 /PRNewswire/ -- Orchids Paper Products Company (NYSE American: TIS), a national supplier of high-quality consumer tissue products, today announced that the Company has ...
Anyone researching Orchids Paper Products Company (NYSEMKT:TIS) might want to consider the historical volatility of the share price. Modern finance theory considers volatility to be a measure of risk, and Read More...
BRENTWOOD, Tenn., Sept. 13, 2018 /PRNewswire/ -- Orchids Paper Products Company (NYSE American: TIS), a national supplier of high-quality consumer tissue products, today announced that its lenders have extended the milestone dates by which the Company is required to accomplish certain actions related to the Company's pursuit of strategic alternatives under the terms of its Second Amended and Restated Credit Agreement dated as of June 25, 2015, by and among the Company, U.S. Bank National Association and the other lenders party thereto (as amended, the "Credit Agreement"). The Company previously disclosed its initiative to refinance its existing debt obligations, as well as to explore alternative financing and capital-raising activities, in order to address its ongoing liquidity needs and to maintain sufficient access to the loan and capital markets on commercially acceptable terms to finance its business.