Weyerhaeuser Announces Expiration of its Cash Tender Offer
Business Wire, Dec 10, 2009
FEDERAL WAY, Wash. — Weyerhaeuser Company (NYSE:WY) (the Company) announced today
the final results of its tender offer (the Offer). The terms
and conditions of the Offer are set forth in an Offer to Purchase dated
Nov.10, 2009 and accompanying Letter of Transmittal, as amended by the
Companys press release dated Nov. 25, 2009.
In the Offer, the Company offered to purchase for cash up to $500
million principal amount of its outstanding 6.750% Notes due 3/15/12
(the Securities) from each registered holder of Securities (a Holder).
The Offer expired at midnight, New York City time, on Dec. 9, 2009. On
Dec. 9, 2009, $364,225,000 principal amount (of a total outstanding
principal amount of $1,433,122,000) of Securities had been validly
tendered in connection with the Offer.
The Company has accepted $364,225,000 principal amount of the Securities
at a price of $1,062.50 per $1,000 principal amount of the Securities.
The settlement date (the Settlement Date) for the Offer will be
Dec. 10, 2009. In addition to any consideration received, Holders who
tendered Securities will be paid any accrued and unpaid interest
calculated up to, but not including, the Settlement Date.
BofA Merrill Lynch and Citigroup Global Markets Inc. were the lead
dealer managers for the Offer. Deutsche Bank Securities Inc., J.P.
Morgan Securities Inc., Morgan Stanley & Co. Incorporated and Goldman,
Sachs & Co. were the co-dealer managers for the Offer. Global Bondholder
Services Corporation was the Depositary and Information Agent. This news
release is neither an offer to purchase nor a solicitation of an offer
to sell the Securities. The Offer was made only by the Offer to
Purchase, and the information in this news release is qualified by
reference to the Offer to Purchase. Persons with questions regarding the
Offer should contact BofA Merrill Lynch toll free at (888) 292-0070 or
collect at (646) 855-3401, Attn
cash registers for sale