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RFP > SEC Filings for RFP > Form 8-K on 27-Nov-2012All Recent SEC Filings

Show all filings for RESOLUTE FOREST PRODUCTS INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for RESOLUTE FOREST PRODUCTS INC.


27-Nov-2012

Material Impairments, Financial Statements and Exhibits


ITEM 2.06 MATERIAL IMPAIRMENTS

Resolute Forest Products Inc. (the "Company") announced on November 20, 2012, that the kraft pulp mill and one paper machine at its Fort Frances, Ontario, facility would be indefinitely idled as of the end of November, reducing the Company's market pulp and specialty paper capacity by approximately 200,000 and 100,000 metric tons, respectively. The decision will affect 239 employees.

The Company estimates that it will incur, on an accounting basis, a charge of approximately $12 million for severance and other termination benefits and $5 million in other closure costs. Total future cash expenditures associated with these items are expected to be approximately $14 million. The Company also expects to incur approximately $32 million of non-cash asset impairment charges to reduce the carrying value of the assets to their estimated fair value.

A copy of the press release announcing the indefinite idling is provided as exhibit 99.1.



ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

Exhibit no. Description

99.1 Resolute Forest Products Press Release of November 20, 2012


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