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Weyerhaeuser Company Announces Cash Tender Offer for Any and All of its 6.750% Notes due 3/15/12
Jun 14, 2010
FEDERAL WAY, Wash., June 14, 2010 — Weyerhaeuser Company (NYSE:WY) (the “Company”) announced today the commencement of a cash tender offer to purchase any and all of its outstanding 6.750% Notes due 3/15/12 (the “Notes”) from the registered holders of Notes (a “Holder”), pursuant to the terms and conditions set forth in an Offer to Purchase dated June 14, 2010 and the related Letter of Transmittal.
|
CUSIP Number |
Title of Security |
Principal Amount Outstanding |
Purchase Price (1) |
|
962166BP8 |
6.750% Notes due |
$1,065,897,000 |
$1,080.00 |
(1) Per $1,000 principal amount accepted for purchase.
The Offer will expire at 5:00 p.m., New York City time, on June 21, 2010, unless extended (such date and time, as the same may be extended, the “Expiration Date”). Holders of Notes must validly tender and not validly withdraw their Notes at or before 5:00 p.m., New York City time, on the Expiration Date to be eligible to receive the Purchase Price. The deadline for Holders to validly withdraw tenders of Notes is 5:00 p.m., New York City time, on the Expiration Date. Weyerhaeuser will pay the Purchase Price for all Notes validly tendered and accepted for purchase in the Offer.
In addition to the Purchase Price, Holders who tender Notes will be paid accrued and unpaid interest calculated up to, but not including, the settlement date (the “Settlement Date”), paid on the Settlement Date. The Settlement Date for the Offer is expected to be one business day following the Expiration Date, or June 22, 2010.
Deutsche Bank Securities Inc. and J.P. Morgan Securities Inc. are the lead dealer managers for the Offer. BofA Merrill Lynch, Citi, Goldman, Sachs & Co. and Morgan Stanley & Co. Incorporated are the co-dealer managers for the Offer. Global Bondholder Services Corporation is the Depositary and Information Agent. This news release is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The Offer is made only by the Offer to Purchase and related Letter of Transmittal dated as of today’s date, and the information in this news release is qualified by reference to the Offer to Purchase and related Letter of Transmittal. Persons with questions regarding the Offer should contact Deutsche Bank Securities Inc. toll free at (866) 627-0391 or collect at (212) 250-2955, Attn. Liability Management Group or J.P. Morgan Securities Inc. toll free at (866) 834-4666 or collect at (212) 834-3424, Attn. Liability Management Group. Requests for documents should be directed to Global Bondholder Services Corporation toll free at (866) 470-3900 or collect at (212) 430-3774.
Weyerhaeuser Company, one of the world’s largest forest products companies, began operations in 1900. We grow and harvest trees, build homes and make a range of forest products essential to everyday lives. We manage 22 million acres of timberland worldwide on a sustainable basis in compliance with internationally recognized forestry standards. At the end of 2009, we employed approximately 14,900 employees in 10 countries. We have customers worldwide and generated $5.5 billion in sales in 2009. Our stock trades on the New York Stock exchange under the symbol WY. Additional information about us is available at http://www.weyerhaeuser.com.
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