TICKER SYMBOL UFS (NYSE, TSX)
MONTREAL, June 3 /CNW Telbec/ - Domtar Corporation (NYSE/TSX: UFS) announced today a proposed offering of $250 million aggregate principal amount of senior notes due 2017. The Company intends to use the net proceeds from the offering to fund any portion of the purchase price of the 7.875% Notes due 2011 tendered and accepted by the Company for purchase pursuant to its previously announced tender offer not funded with cash on hand and, to the extent there are remaining proceeds, for general corporate purposes.
J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated are acting as the joint book-running managers of the offering.
The notes are being offered pursuant to the Company's registration statement on Form S-3 filed with the Securities and Exchange Commission (SEC) on June 3, 2009. The proposed offering will be 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, Syndicate Desk, 270 Park Avenue, 8th floor, New York, New York 10017, or by telephone at (212) 270-1477 (collect) or (800) 245-8812 (U.S. toll-free); or from Morgan Stanley, Prospectus Department, 180 Varick Street, 2nd floor, New York, New York 10014, or by telephone at (212) 761-1941 (collect) or (800) 624-1808 (U.S. toll-free).
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.
Domtar Corporation (NYSE/TSX:UFS) is the largest integrated manufacturer and marketer of uncoated freesheet paper in North America and the second largest in the world based on production capacity, and is also a manufacturer of papergrade, fluff and specialty pulp. The Company designs, manufactures, markets and distributes a wide range of business, commercial printing and publication as well as converting and specialty. Domtar owns and operates Domtar Distribution Group, an extensive network of strategically located paper distribution facilities. Domtar also produces lumber and other specialty and industrial wood products.
All statements in this press release that are not based on historical fact are "forward-looking statements." While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under the captions "Forward-Looking Statements" and "Risk Factors" of the latest Form 10-K filed with the SEC as periodically updated by subsequently filed Form 10-Q's. Unless specifically required by law, we assume no obligation to update or revise these forward-looking statements to reflect new events or circumstances.