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Gold/Mining/Energy : Repap (RPAPF) -- Ignore unavailable to you. Want to Upgrade?

To: scott who wrote (169)	5/11/1998 2:32:00 PM
From: elcasmirb	Respond to of 485

Thanks for the info scott much appreciated.

To: scott who wrote (169)	5/15/1998 12:47:00 PM
From: Wizzer	Read Replies (1) \| Respond to of 485

Repap New Brunswick to sell junk bonds-sources Friday May 15, 12:17 pm Eastern Time NEW YORK, May 15 (Reuters) - Canadian coated paper manufacturer Repap New Brunswick plans to sell $320 million in junk bonds in the next several weeks to finance a tender offer of existing debt, market sources said. The offering will consist of two tranches and will be underwritten by Credit Suisse First Boston, sources said. The company expects to sell $220 million in first priority senior secured notes due 2004, non-callable for four years, and $100 million in first priority floating-rate senior secured notes due 2004, which will be immediately callable. Repap New Brunswick, based in Miramichi, New Brunswick, Canada, is a unit of Repap Enterprises (RPP.TO - news). The 144a private placement transaction is expected to price shortly after a roadshow which kicks off on Friday and will last through May 28, sources said. On April 23, Repap began a tender offer for $150 million in outstanding first priority floating-rate senior secured notes due 2000 and $150 million of its outstanding first priority fixed-rate senior secured notes due 2000.