Georgia-Pacific Announces Debt Refinancing

ATLANTA, July 14, 2011 /PRNewswire/ -- Georgia-Pacific LLC today announced that it expects to raise $3 billion to $3.5 billion in unsecured financing to refinance its secured indebtedness outstanding under its existing senior secured credit facilities.  

Additionally, the company expects to syndicate an unsecured revolver to refinance its existing revolver under its senior secured credit facilities. As a result of the refinancing, the company expects to have an unsecured capital structure.

This release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Any statements made regarding the potential financing and any other statements contained in this news release that are not purely historical fact are forward-looking statements that are based on management's beliefs, certain assumptions and current expectations. These statements may be identified by their use of forward-looking terminology such as the words "expects," "projects," "anticipates," "intends" and other similar words. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, general economic, business and market conditions and other factors. The forward-looking statements contained in this news release are made as of the date hereof, and we do not undertake any obligation to update any forward-looking statements, whether as a result of future events, new information or otherwise.

The company cautions you not to place undue reliance on these forward-looking statements that speak only as of the date they were made. The company does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

SOURCE Georgia-Pacific LLC



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