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Gold/Mining/Energy : MAXXAM (ASE:MXM) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Lee who wrote (12)	7/9/1998 6:42:00 PM
From: Paul Lee	Respond to of 52

Sounds like this should save them a lot of money MAXXAM's Scotia Pacific Prices 144A Offering of Timber Notes HOUSTON--(BUSINESS WIRE)--July 9, 1998--MAXXAM Inc. (ASE:MXM) announced that Scotia Pacific Company LLC, its newly formed, wholly owned subsidiary, has priced its Rule 144A offering of $867.2 million principal amount of three classes of timber collateralized notes. The notes consist of $160.7 million of 6.55% Class A-1 Timber Collateralized Notes, $243.2 million of 7.11% Class A-2 Timber Collateralized Notes, and $463.3 million of 7.71% Class A-3 Timber Collateralized Notes. The Scotia Pacific timber notes have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. MAXXAM operates primarily in three industries: aluminum, forest products, and real estate.