Georgia-Pacific Announces Private Offering of Senior Guaranteed Notes
* Reuters is not responsible for the content in this press release.
ATLANTA, April 20 /PRNewswire/ -- Georgia-Pacific LLC ("Georgia-Pacific" or
the "Company") today announced that it plans to issue $600 million aggregate
principal amount of senior guaranteed notes due 2016 (the "Notes") in a
private offering (the "Offering"). The notes will be guaranteed by certain
domestic subsidiaries of Georgia-Pacific on a senior unsecured basis.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030425/PAPLOGO )
Georgia-Pacific intends to use the cash proceeds of the Offering, together
with cash on hand, for general corporate purposes, including repayments of
amounts outstanding under its domestic accounts receivable securitization
facility and/or its revolving credit facility and payment of fees and expenses
incurred in connection with the Offering.
The Notes will not be registered under the Securities Act of 1933, as amended
(the "Securities Act"), or any state securities laws, and may not be offered
or sold in the United States or to U.S. persons absent registration or an
applicable exemption from the registration requirements. The Offering will be
made only to qualified institutional buyers in accordance with Rule 144A under
the Securities Act and to non-U.S. persons in accordance with Regulation S
under the Securities Act.
This communication 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.
Headquartered at Atlanta, Georgia-Pacific is one of the world's leading
manufacturers and marketers of building products, tissue, packaging, paper,
pulp and related chemicals. The familiar consumer tissue brands of
Georgia-Pacific Consumer Products LP include Quilted Northern(R), Angel
Soft(R), Brawny(R), Sparkle(R), Soft 'n Gentle(R), Mardi Gras(R) and Vanity
Fair(R). Dixie Consumer Products LLC, a Georgia-Pacific company, manufactures
the Dixie(R) brand of tabletop products. Georgia-Pacific has long been among
the nation's leading manufacturers and suppliers of building products to
lumber and building materials dealers and large do-it-yourself warehouse
retailers, with brands such as Plytanium(R) plywood, DryPly(R) water repellent
plywood and Wood I Beam(TM) joists offered by Georgia-Pacific Wood Products
LLC and DensArmor Plus(R) interior drywall, DensGlass(TM) Exterior Sheathing
and ToughRock(R) wallboard offered by Georgia-Pacific Gypsum LLC. For more
information, visit www.gp.com.
* * *This communication contains forward-looking statements within the meaning
of the federal securities laws. Statements that are not historical facts,
including statements about the Company's beliefs and expectations, are
forward-looking statements. Forward-looking statements include statements
generally preceded by, followed by or that include the words "believe,"
"expect," "anticipate," "plan," "estimate" or similar expressions. These
statements include, among others, statements regarding the Company's expected
business outlook and anticipated financial and operating results.
Forward-looking statements reflect the Company's current expectations and are
not guarantees of performance. These statements are based on management's
beliefs and assumptions, which in turn are based on currently available
information. Important assumptions relating to these forward-looking
statements include, among others, assumptions regarding demand for the
Company's products, expected pricing levels, raw material costs, the timing
and cost of planned capital expenditures, the estimated cost of environmental
compliance, expected outcomes of pending litigation, the expected costs of
pending and future asbestos and environmental claims, competitive conditions
and general economic conditions. These assumptions could prove inaccurate.
Forward-looking statements also involve risks and uncertainties, which could
cause actual results to differ materially from those contained in any
forward-looking statement. Many of these factors are beyond the Company's
ability to control or predict. Such factors include, but are not limited to:
-- changes in general economic conditions, capital markets and interest
rates;
-- changes in the availability of capital and financing sources;
-- changes in competitive conditions and prices in the Company's
markets;
-- changes in the relationship between supply of and demand for the
Company's products;
-- changes in the markets for new home construction and home renovation;
-- foreign currency fluctuations relative to the United States dollar;
-- fluctuations in costs of raw materials, such as wood fiber, wastepaper
and energy, and fluctuations in labor costs;
-- changes in other significant operating expenses;
-- unanticipated expenditures with respect to environmental, safety and
health laws and litigation;
-- timing and occurrence of events, including events and resulting
expenses
related to asbestos-related claims against the Company;
-- changes in the political and regulatory environment;
-- the Company's ability to realize expected cost savings and the
benefits of restructuring initiatives; and
-- breach or loss of rights under key agreements.
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 communication or to reflect the occurrence of unanticipated events.
SOURCE Georgia-Pacific LLC
Investors, +1-404-652-6188; James Malone, +1-404-652-6031
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters