Weyerhaeuser Company (NYSE:WY) announced today the results of its previously announced cash tender offer to purchase any and all of its outstanding 6.750% notes due 15 March 2012 from the registered holders of notes, pursuant to the terms and conditions set forth in an offer to purchase dated 14 June 2010, and the related letter of transmittal.
The offer expired at 5:00 p.m., EAstern Time, on 21 June 2010. The settlement date for the offer is expected to be 22 June 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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Principal Amount Purchased
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Principal Amount Remaining Outstanding
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962166BP8
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6.750% notes due
15 March 2012
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USD 548,001,000
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USD 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.
Weyerhaeuser Company, one of the world’s largest forest products companies, began operations in 1900. The company grows and harvests trees, builds homes, and makes a range of forest products essential to everyday lives. Weyerhaeuser manages 22 million acres of timberland worldwide on a sustainable basis in compliance with internationally recognized forestry standards. At the end of 2009, the company employed approximately 14,900 employees in 10 countries and generated USD 5.5 billion in sales in 2009. Weyerhaeuser stock trades on the New York Stock exchange under the symbol WY. Additional information is available at http://www.weyerhaeuser.com.
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