(All financial information is in U.S. dollars, unless otherwise noted.)
MONTREAL, Nov. 20, 2013 /PRNewswire/ - Domtar Corporation (UFS) (UFS.TO) today announced that it has priced an offering of 6.75% senior notes due 2044 in an aggregate principal amount of $250 million. The Company intends to use the net proceeds from the offering to pay a portion of the purchase price of its proposed acquisition of Laboratorios Indas, SAU.
J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC are acting as the joint book-running managers of the offering.
The notes are being offered pursuant to the Company's shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (SEC) on October 1, 2013. The proposed offering is being made only by means of a prospectus supplement and accompanying prospectus. The preliminary prospectus supplement and the accompanying prospectus may be obtained on the SEC website at www.sec.gov. Alternatively, a copy of the preliminary prospectus supplement and the accompanying prospectus for the offering can be obtained from J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, telephone at (212) 834-4533; from Deutsche Bank Securities Inc., Attn: Prospectus Group, 60 Wall Street, New York, New York 10005-2836, telephone at (800) 503-4611; or from Morgan Stanley & Co. LLC, 180 Varick Street, New York, New York 10014, telephone at (866) 718-1649.
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 supplement and accompanying prospectus.
Domtar Corporation (UFS) (UFS.TO) designs, manufactures, markets and distributes a wide variety of fiber-based products including communication papers, specialty and packaging papers and absorbent hygiene products. The foundation of its business is a network of world class wood fiber converting assets that produce papergrade, fluff and specialty pulps. The majority of its pulp production is consumed internally to manufacture paper and consumer products. Domtar is the largest integrated marketer of uncoated freesheet paper in North America with recognized brands such as Cougar®, Lynx® Opaque Ultra, Husky® Opaque Offset, First Choice® and Domtar EarthChoice®. Domtar is also a leading marketer and producer of a broad line of incontinence care products marketed primarily under the Attends® brand name as well as baby diapers.
All statements in this news 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. The Company is under no obligation, and expressly disclaims such obligation, to update, alter or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. 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 Annual Report on Form 10-K filed with the Securities and Exchange Commission as periodically updated by subsequently filed Form 10-Q's.
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