Norbord Inc USD315m 6.25% 15 April 2023 1st Lien bond
Norbord is a leading global manufacturer of wood-based panels with 17 plant locations in the United States (US), Canada and Europe. Norbord is largest global producer of oriented strand board (OSB) with an annual capacity of 8.1 billion square feet (Bsf) (3/8-inch basis). In North America, Norbord owns 13 OSB production facilities located in the Southern region of the US, Western Canada, Quebec, Ontario and Minnesota. In Europe, the Company operates an OSB production facility, two particleboard mills, one medium density fibreboard (MDF) mill in the United Kingdom (UK) and one OSB production facility in Belgium. Norbord is also the UK’s largest panel producer.
The Company reports its operations in two geographic segments, North America and Europe, with 80% of its panel production capacity in North America and 20% in Europe. Norbord’s business strategy is focused entirely on the wood-based panels sector – in particular OSB – in North America, Europe and Asia. Norbord employed approximately 2,600 people as at 31 December, 2016.
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