Clearwater Paper Corp
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 18, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Non-Operating Expense
NOTE 11: NON-OPERATING EXPENSE
The major components of “Non-operating expense” in the Consolidated Statements of Operations are:
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Interest expense | $(17.8) | $(32.0) | $(11.8) |
| Capitalized interest | 1.3 | 1.6 | 0.3 |
| Amortization of debt issuance costs | (2.2) | (1.7) | (0.5) |
| Interest income | 1.8 | 2.9 | 2.4 |
| Interest expense, net | (16.8) | (29.2) | (9.5) |
| Debt retirement costs | — | (9.1) | (3.1) |
| Non-operating pension and other postretirement employee benefits income (expense) | (1.2) | 1.8 | 0.1 |
| Total non-operating expense | $(18.0) | $(36.6) | $(12.5) |
During 2024, we repaid the outstanding term loans under the PCA Credit Agreement with proceeds from the sale of our tissue business. As a result of this repayment, we recognized a loss on debt extinguishment of $9.1 million, consisting of unamortized deferred debt costs. During 2023, we redeemed our 2014 Notes in full. This redemption resulted in a loss on early debt extinguishment of $3.1 million consisting of $0.4 million related to the write off of unamortized deferred debt costs along with the premium on debt redemption of $2.7 million.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.