Resolute Reports Preliminary Q1 2013 Segment Breakdowns

"With our strong balance sheet, we are able to take advantage of very attractive financial markets" relayed Jo-Ann Longworth, senior vice president and chief financial officer. "We are refinancing our high-coupon, secured debt with unsecured debt at an interest rate that is more than 40 percent lower and adds five additional years to maturity. Consistent with our strategy of acting opportunistically to continuously enhance our competitive position, it's the right time to lock in these attractive terms, which will reduce our annual interest burden by $15 million and improve our financial flexibility."