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Weyerhaeuser Company Announces Results of Cash Tender Offer for Any and All of its 6.750% Notes due 3/15/12
Jun 21, 2010
FEDERAL WAY, Wash., June 21, 2010 — Weyerhaeuser Company (NYSE:WY) (the “Company”) announced today the results of its previously announced 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. The Offer expired at 5:00 p.m., New York City time, on June 21, 2010 (the “Expiration Date”). The Settlement Date for the Offer is expected to be one business day following the Expiration Date, or June 22, 2010. The Company announced that it had accepted for purchase the principal amount of Notes set out in the table below and that the principal amount of Notes outstanding thereafter is the amount also set out in the table below.
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CUSIP Number |
Title of Security |
Principal Amount Purchased |
Principal Amount Remaining Outstanding |
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962166BP8 |
6.750% Notes due |
$548,001,000 |
$517,896,000 |
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Deutsche Bank Securities Inc. and J.P. Morgan Securities Inc. were the lead dealer managers for the Offer. BofA Merrill Lynch, Citi, Goldman, Sachs & Co. and Morgan Stanley & Co. Incorporated were the co-dealer managers for the Offer. Global Bondholder Services Corporation was 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 was made only by the Offer to Purchase and related Letter of Transmittal dated June 14, 2010, and the information in this news release is qualified by reference to the Offer to Purchase and related Letter of Transmittal.
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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