Boise Inc. Announces Pricing of Senior Notes Offering
March 09 2010 - 1:26PM
PR Newswire (US)
BOISE, Idaho, March 9 /PRNewswire-FirstCall/ -- Boise Inc.
("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 Co-Issuer
Company (together, the "Issuers"), priced the previously announced
offering of $300 million aggregate principal amount of Senior Notes
due 2020 (the "Notes"). The Notes will have an interest rate of 8%
per annum and will be issued at a price equal to 98.311% 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 and pay related fees and expenses. The
offering is expected to close on or about March 19, 2010, 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 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 Investors,
JasonBowman, +1-208-384-7456, both of Boise Inc.
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