Georgia-Pacific Announces Pricing With Respect to Debt Tenders
22 Décembre 2005 - 11:27PM
PR Newswire (US)
ATLANTA, Dec. 22 /PRNewswire-FirstCall/ -- Georgia-Pacific Corp.
(NYSE:GP) today announced that it has determined the price for each
of its debt tender offers. The price for each series of debt
securities tendered for was determined at 2 p.m. EST on Dec. 22,
2005, pursuant to the formula provided in the Offer to Purchase and
Consent Solicitation Statement dated Nov. 17, 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 is as follows: CUSIP/ISIN Number
Title of Tender Offer Total Consideration Security Consideration
per per $1,000 $1,000 Principal Principal Amount Amount
373298-CB-2, 7.375% Senior $1,038.73 $1,058.73 373298-CA-4/ Notes
due 2008 USU37339AC94 373298-BX-5 8.875% Senior $1,105.53 $1,125.53
Notes due 2010 373298-BZ-0, 9.375% Senior $1,098.87 $1,118.87
373298-BY-3/ Notes due 2013 USU37339AB12 373298-CD-8, 8.00% Senior
$1,086.79 $1,106.79 373298-CC-0/ Notes due 2014 USU37339AD77
347471-AR-5 6.875% Senior $1,015.17 $1,035.17 Notes due 2007
347471-AN-4 9.25% Debentures $1,391.21 $1,411.21 due 2021
347471-AP-9 7.75% Debentures $1,251.41 $1,271.41 due 2023 The total
consideration set forth above includes a consent payment of $20 per
$1,000 principal amount of debt securities and is payable 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, is payable 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 prior
to midnight EST on Jan. 6, 2006, the expiration date for the debt
tender offers. In addition, Georgia-Pacific will pay accrued and
unpaid interest on tendered debt securities up to, but not
including, the date of payment. Georgia-Pacific expects to accept
and pay for any debt securities validly tendered and not validly
withdrawn in the debt tender offers on or prior to 5 p.m. EST on
Dec. 22, 2005, upon the consummation of its merger with Koch Forest
Products, Inc., an indirect wholly owned subsidiary of Koch
Industries, Inc., which is currently expected to occur on Friday,
Dec. 23, 2005. 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 Web site: http://www.gp.com/
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