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Georgia-Pacific Prices Private Offering of Senior Guaranteed Notes
ATLANTA, GA. April 21, 2009 --
Georgia-Pacific LLC (“Georgia-Pacific” or the “Company”) today announced that it has priced a private offering (the “Offering”) of $750 million aggregate principal amount of 8.25 percent senior guaranteed notes due 2016 (the “Notes”). The aggregate principal amount of the Notes was increased by $150 million from the $600 million offering amount previously announced and the Notes were priced at a discount to par. The Notes will pay interest semi-annually beginning on Nov. 1, 2009. The Notes may be redeemed, in whole or in part, at any time prior to May 1, 2013at par plus a premium, and at any time after May 1, 2013 at specified redemption prices plus accrued and unpaid interest, if any. The Notes will be guaranteed by certain domestic subsidiaries of Georgia-Pacific on a senior unsecured basis and will mature on May 1, 2016. Georgia-Pacific anticipates that the closing of the Offering will take place on or about April 24, 2009, subject to market and other customary closing conditions. The Notes will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements. The Offering will be made only to qualified institutional buyers in accordance with Rule 144A under the Securities Act and to non-U.S. persons in accordance with Regulation S under the Securities Act. This communication shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Headquartered at Atlanta, Georgia-Pacific is one of the world’s leading manufacturers and marketers of building products, tissue, packaging, paper, pulp and related chemicals. The familiar consumer tissue brands of Georgia-Pacific Consumer Products LP include Quilted Northern®, Angel Soft®, Brawny®, Sparkle®, Mardi Gras®, and Vanity Fair®. Dixie Consumer Products LLC, a Georgia‑Pacific company, manufactures the Dixie® brand of tabletop products. Georgia-Pacific has long been among the nation’s leading manufacturers and suppliers of building products to lumber and building materials dealers and large do-it-yourself warehouse retailers, with brands such as Plytanium® plywood, DryPly® water repellent plywood, and Wood I Beam™ joists offered by Georgia-Pacific Wood Products LLC and DensArmor Plus® interior drywall, DensGlass® Exterior Sheathing and ToughRock® wallboard offered by Georgia-Pacific Gypsum LLC. For more information, visit www.gp.com. * * *This communication contains forward-looking statements within the meaning of the federal securities laws of the United States. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements include statements generally preceded by, followed by or that include the words “believe,” “expect,” “anticipate,” “plan,” “estimate” or similar expressions. These statements include, among others, statements regarding the Company’s expected business outlook and anticipated financial and operating results. Forward-looking statements reflect the Company’s current expectations and are not guarantees of performance. These statements are based on management’s beliefs and assumptions, which in turn are based on currently available information. Important assumptions relating to these forward-looking statements include, among others, assumptions regarding demand for the Company’s products, expected pricing levels, raw material costs, the timing and cost of planned capital expenditures, the estimated cost of environmental compliance, expected outcomes of pending litigation, the expected costs of pending and future asbestos and environmental claims, competitive conditions and general economic conditions. These assumptions could prove inaccurate. Forward-looking statements also involve risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Many of these factors are beyond the Company’s ability to control or predict. Such factors include, but are not limited to:
The Company cautions you not to place undue reliance on these forward-looking statements that speak only as of the date they were made. The Company does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this communication or to reflect the occurrence of unanticipated events. Media Contact: |
