Domtar Corporation has announced an offering of $250 million aggregate principal amount of fixed-rate senior notes. The notes are being offered pursuant to the Company's registration statement on Form S-3 filed with the Securities and Exchange Commission (the "SEC") on March 7, 2012.
The Company intends to use the net proceeds from the offering to fund the purchase price of the 10.75% Notes due 2017, 9.5% Notes due 2016, 7.125% Notes due 2015 and 5.375% Notes due 2013 tendered and accepted by the Company for purchase pursuant to its previously announced tender offer and, to the extent there are remaining proceeds, for general corporate purposes.
J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and Goldman, Sachs & Co. are acting as the joint book-running managers of the offering. The proposed offering is being made only by means of a prospectus. The preliminary prospectus may be obtained on the SEC website at www.sec.gov. Alternatively, a copy of the prospectus for the offering can be obtained from J.P. Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179, telephone at 1-212-834-4533; from Deutsche Bank Securities Inc., 100 Plaza One, Jersey City, New Jersey 07311, telephone at 1-800-503-4611; or fromGoldman, Sachs & Co., 200 West Street, New York, NY, 10282, telephone at 1-866-471-2526.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer or sale of the senior notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any jurisdiction. Any offer, solicitation or sale will be made only by means of the prospectus.
SOURCE DOMTAR CORPORATION