RE:Big selloff todayThe only piece of news that I was able to find:
04:17 PM EST, 12/21/2018 (MT Newswires) -- Cascades (CAS.TO) on Friday said it added a new $175 million seven-year loan to its credit facility to bring it up to around $1 billion, in order to boost its financial flexibility and reduce financing costs.
The paper and packaging company said the loan will be used to repay outstanding borrowings, and the terms were unchanged from its current facility.
"The seven-year term provides us with funding security over a longer timeframe, without requiring modification to the terms and covenants of our existing agreement," chief financial officer Allan Hogg said in a release.
Cascades shares closed up $0.04 to $11.35 on the Toronto Stock Exchange.
Price: 11.38, Change: +0.07, Percent Change: +0.62
But I do not see how this could be perceived as negative, unless the market sees this as a sign of liquidity problems.