Boise units to sell unsecured notes worth $300M
Boise units to sell senior unsecured notes worth $300 million to institutional buyers
- On 11:09 am EDT, Friday October 16, 2009
BOISE, Idaho (AP) -- Boise Inc., which makes paper and packaging products, said Friday that two subsidiaries plan to sell $300 million in notes in a private offering to institutional buyers.
Boise Paper Holdings LLC and Boise Finance Co. will jointly issue the senior unsecured notes due 2017.
The proceeds will be used to pay down existing debt, among other potential uses.
In morning trading shares fell 12 cents to $6.17.
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