Domtar Corporation prices senior notes offering
(All financial information is in U.S. dollars, unless otherwise noted.)
(NYSE: UFS) (TSX: UFS)
MONTREAL, Aug. 20, 2012 /PRNewswire/ - Domtar Corporation (NYSE: UFS) (TSX: UFS) today announced that it has priced an offering of 6.25% senior notes due 2042, in an aggregate principal amount of $250 million. The Company intends to use the net proceeds from the offering for general corporate purposes, including, without limitation, capital expenditures and strategic acquisitions.
J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC 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 August 20, 2012. The proposed offering is being 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 Securities LLC, 383 Madison Avenue, New York, New York 10179, telephone at (212) 834-4333; from Morgan Stanley & Co. LLC, 180 Varick Street, New York, New York 10014, telephone at (866) 718-1649; or from RBC Capital Markets, LLC, Three World Financial Center, 200 Vesey Street, 8th Floor, New York, New York 10281, telephone at (866) 375-6829.
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: UFS) (TSX: UFS) designs, manufactures, markets and distributes a wide variety of fiber-based products including communication papers, specialty and packaging papers and adult incontinence 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 complete line of incontinence care products marketed primarily under the Attends® brand name. Domtar owns and operates Ariva®, an extensive network of strategically located paper and printing supplies distribution facilities. In 2011, Domtar had sales of US$5.6 billion from nearly 50 countries. The Company employs approximately 9,500 people. To learn more, visit www.domtar.com.
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.
SOURCE DOMTAR CORPORATION