Louisiana-Pacific Corporation Announces Closing of Exchange Offer for 7.500%
Senior Notes due 2020
NASHVILLE, Tenn., Aug 08, 2012 (BUSINESS WIRE) -- Louisiana-Pacific Corporation
("LP") (LPX) announced today the closing of its exchange offer pursuant to which
it offered to exchange up to $350,000,000 in aggregate principal amount of its
7.500% Senior Notes due 2020 (the "New Notes"), which have been registered under
the Securities Act of 1933 (the "Act"), for an equal aggregate principal amount
of its unregistered outstanding 7.500% Senior Notes due 2020 (the "Old Notes").
The Old Notes were issued on May 21, 2012 in a transaction exempt from
registration under the Act. The terms of the New Notes are substantially
identical to the terms of the Old Notes, except that the New Notes have been
registered under the Act, are not subject to restrictions on transfer, and do not
entitle their holders to registration rights or special interest. As of 5:00
p.m., New York City time, on August 7, 2012, which was the expiration time of the
exchange offer, $350,000,000 in principal amount of the outstanding Old Notes,
representing 100% of the outstanding principal amount of the Old Notes, had been
validly tendered in exchange for an equal aggregate principal amount of the New
Notes.
This press release is for informational purposes only and is not an offer to
purchase any Old Notes or sell any New Notes, or a solicitation of an offer to
sell any Old Notes or purchase any New Notes. The exchange offer was made only
pursuant to a prospectus and letter of transmittal that have been filed with the
Securities and Exchange Commission (the "SEC") as part of Louisiana-Pacific
Corporation's Registration Statement on Form S-4 (File No. 333-182441). The
Registration Statement was declared effective by the SEC on July 10, 2012. |
