Georgia-Pacific Accepts Debt Securities in Debt Tender Offers
23 Décembre 2005 - 3:06PM
PR Newswire (US)
ATLANTA, Dec. 23 /PRNewswire-FirstCall/ -- Georgia-Pacific Corp.
today announced that it has accepted for purchase, and paid for, in
conjunction with its merger with Koch Forest Products, Inc., an
indirect wholly owned subsidiary of Koch Industries, Inc., all of
the debt securities validly tendered and not validly withdrawn in
its debt tender offers on or prior to 5 p.m. EST on Dec. 22, 2005.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030425/PAPLOGO) The
price per $1,000 principal amount for each series of debt
securities subject to the debt tender offers, and the principal
amount of securities tendered in the debt tender offers on or prior
to 5 p.m. EST on Dec. 22, 2005, is as follows: Aggregate Tender
Offer Total Principal Consideration Consideration Amount Tendered
per $1,000 per $1,000 at 5 p.m. EST Principal Principal on Dec. 22,
Percentage Title of Security Amount Amount 2005 Tendered 7.375%
Senior Notes due 2008 $1,038.73 $1,058.73 $347,410,000 99.26 %
8.875% Senior Notes due 2010 $1,105.53 $1,125.53 $697,345,000 99.62
% 9.375% Senior Notes due 2013 $1,098.87 $1,118.87 $766,423,000
98.89 % 8.00% Senior Notes due 2014 $1,086.79 $1,106.79 $77,013,000
51.34 % 6.875% Senior Notes due 2007 $1,015.17 $1,035.17
$279,571,000 93.19 % 9.25% Debentures due 2021 $1,391.21 $1,411.21
$29,953,000 97.52 % 7.75% Debentures due 2023 $1,251.41 $1,271.41
$83,561,000 94.96 % The total consideration set forth above
includes a consent payment of $20 per $1,000 principal amount of
debt securities and was paid to holders who validly tendered and
did not validly withdraw their debt securities in the debt tender
offers on or prior to 5 p.m. EST on Dec. 1, 2005. The tender offer
consideration set forth above, which does not include the consent
payment, was paid to holders who validly tendered and did not
validly withdraw their notes in the debt tender offers after 5 p.m.
EST on Dec. 1, 2005 and on or prior to 5 p.m. EST on Dec. 22, 2005.
Georgia-Pacific has also paid to holders whose debt securities were
accepted today accrued and unpaid interest on their debt securities
up to, but not including, Dec. 23, 2005. The debt tender offers
expire at midnight EST on Jan. 6, 2006. Holders who validly tender
their debt securities pursuant to the debt tender offers after 5
p.m. EST on Dec. 22, 2005 and on or prior to the expiration of the
debt tender offers will be paid, promptly after the expiration
date, the tender offer consideration set out above, plus accrued
and unpaid interest up to, but not including, the expiration date.
The dealer managers for the debt tender offers are Citigroup
Corporate and Investment Banking, and Goldman, Sachs & Co.
Persons with questions regarding the debt tender offers should
contact Citigroup Corporate and Investment Banking at (800)
558-3745 (U.S. toll free), attention: Liability Management Group or
Goldman, Sachs & Co. at (800) 828-3182 (U.S. toll free) or
(212) 357- 3019, attention: Credit Liability Management. Requests
for documents should be directed to Global Bondholder Services
Corporation, the information agent, at (212) 430-3774 (for banks
and brokers) or (866) 952-2200 (U.S. toll free). This release is
neither an offer to purchase nor a solicitation or an offer to sell
any securities. The debt tender offers are made only by the Offer
to Purchase and Consent Solicitation Statement dated Nov. 17, 2005.
Headquartered at Atlanta, Georgia-Pacific is one of the world's
leading manufacturers and marketers of tissue, packaging, paper,
building products and related chemicals. With 2004 annual sales of
approximately $20 billion, the company employs 55,000 people at
more than 300 locations in North America and Europe. Its familiar
consumer tissue brands include Quilted Northern(R), Angel Soft(R),
Brawny(R), Sparkle(R), Soft 'n Gentle(R), Mardi Gras(R), Vanity
Fair(R) and Lotus(R), as well as the Dixie(R) brand of disposable
cups, plates and cutlery. Georgia-Pacific's building products
manufacturing business has long been among the nation's leading
suppliers of building products to lumber and building materials
dealers and large do-it-yourself warehouse retailers. For more
information, visit http://www.gp.com/
http://www.newscom.com/cgi-bin/prnh/20030425/PAPLOGO
http://photoarchive.ap.org/ DATASOURCE: Georgia-Pacific Corp.
CONTACT: Citigroup, +1-800-558-3745; or Sheila Weidman,
+1-404-652-6322, or Robin Keegan, +1-404-652-4713, both of
Georgia-Pacific Corp. Web site: http://www.gp.com/
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