Resolute Forest Products Inc. announced that it has priced $300 million aggregate principal amount of 4.875% senior notes due 2026 (the Notes) at an issue price of 100.000%. The Notes will be unsecured and will be guaranteed by all of the Company's material wholly owned U.S. subsidiaries. The closing of the offering is expected to occur on February 2, 2021, and is subject to customary closing conditions. The net proceeds from the Offering, together with cash on hand and/or borrowings under the Company's senior secured asset-based revolving credit facility and/or the Company's senior secured credit facility, will be used to redeem all of the outstanding $375 million aggregate principal amount of its 5.875% senior notes due 2023, at a price of 100% of the aggregate principal amount thereof, plus interest to, but not including, the redemption date, which is expected to be February 18, 2021. The Notes are being offered and sold to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act.