Boise Inc. Announces Proposed $300 Million Debt Offering
16 Oktober 2009 - 3:52PM
PR Newswire (US)
BOISE, Idaho, Oct. 16 /PRNewswire-FirstCall/ -- Boise Inc.
(NYSE:BZ), a leading manufacturer of packaging products and papers,
announced today that Boise Paper Holdings, L.L.C. ("Boise Paper
Holdings") and Boise Finance Company, wholly owned subsidiaries of
Boise Inc. ("Boise"), are proposing to jointly issue $300 million
aggregate principal amount of senior unsecured notes due 2017 (the
"Notes") in a private offering that is exempt from the registration
requirements of the Securities Act of 1933, as amended (the
"Securities Act"). Boise intends to use the net proceeds from this
offering to retire a portion of the existing term loan indebtedness
under Boise Paper Holdings' senior secured credit facilities,
repurchase Boise's unsecured subordinated promissory notes, and pay
related fees and expenses. The Notes are being offered only to
qualified institutional buyers in reliance on Rule 144A under the
Securities Act and, outside the United States, only to non-U.S.
investors pursuant to Regulation S under the Securities Act. The
Notes have not been registered under the Securities Act or any
state securities laws and may not be offered or sold in the United
States absent an effective registration statement or an applicable
exemption from registration requirements or a transaction not
subject to the registration requirements of the Securities Act or
any state securities laws. This press release does not constitute
an offer to sell or the solicitation of an offer to buy any
security and does not constitute an offer, solicitation, or sale in
any jurisdiction in which such offering, solicitation, or sale
would be unlawful. This press release is being issued pursuant to
and in accordance with Rule 135c under the Securities Act.
Forward-Looking Statements This press release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The forward-looking
statements include, without limitation, statements concerning this
proposed debt offering and any statement that may predict,
forecast, indicate, or imply future results, performance, or
achievements. Forward-looking statements involve risks and
uncertainties, including but not limited to economic, competitive,
and technological factors outside Boise's control that may cause
Boise's business, strategy, or actual results to differ materially
from the forward-looking statements. For information about the
risks and uncertainties associated with Boise's business, please
refer to Boise's filings with the Securities and Exchange
Commission. Boise does not intend, and undertakes no obligation, to
update any forward-looking statements. DATASOURCE: Boise Inc.
CONTACT: Media, Virginia Aulin, +1-208-384-7837, or Investor
Relations, Jason Bowman, +1-208-384-7456, both for Boise Inc.
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