Boise Inc. Announces Pricing of Senior Notes Offering
22 Oktober 2009 - 3:06AM
PR Newswire (US)
BOISE, Idaho, Oct. 21 /PRNewswire-FirstCall/ -- Boise Inc.
(NYSE:BZ) ("Boise"), a leading manufacturer of packaging products
and papers, announced today that its wholly owned subsidiaries,
Boise Paper Holdings, L.L.C. ("Boise Paper Holdings") and Boise
Finance Company (together, the "Issuers"), priced the previously
announced offering of $300 million aggregate principal amount of
Senior Notes due 2017 (the "Notes"). The Notes will have an
interest rate of 9% per annum and will be issued at a price equal
to 99.297% of their face value. The Notes are being offered 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 offering is expected to close on or about October 26,
2009, subject to customary closing conditions. This press release
does not constitute an offer to sell or the solicitation of an
offer to buy any of the Notes nor does it constitute an offer,
solicitation, or sale in any jurisdiction in which such offer,
solicitation, or sale is unlawful. The Notes have not been
registered under the Securities Act or applicable state securities
laws and are being offered only to qualified institutional buyers
in reliance on Rule 144A under the Securities Act and outside the
United States in accordance with Regulation S under the Securities
Act. Unless so registered, the Notes cannot be offered or sold in
the United States except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the
Securities Act and applicable state securities laws.
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 the
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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