Domtar (UFS) Announces Tender Offer for $400M in 7.875% Notes Due 2011 Expired June 16
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Domtar Corporation (NYSE: UFS) today announced that the tender offer for up to $400 million of its outstanding 7.875% Notes due 2011 (CUSIP # 257559AA2) expired at 12:00 Midnight, New York City Time, on Tuesday, June 16, 2009.
As of the Expiration Date, approximately $431 million aggregate principal amount of the Notes, representing approximately 80% of the outstanding Notes, had been validly tendered and not withdrawn. Because the aggregate principal amount of Notes tendered has exceeded the tender cap of $400 million, the Company will purchase Notes on a pro rata basis among tendering holders of Notes. The Company expects to accept Notes for purchase today with a proration ratio of approximately 93%.
As of the Expiration Date, approximately $431 million aggregate principal amount of the Notes, representing approximately 80% of the outstanding Notes, had been validly tendered and not withdrawn. Because the aggregate principal amount of Notes tendered has exceeded the tender cap of $400 million, the Company will purchase Notes on a pro rata basis among tendering holders of Notes. The Company expects to accept Notes for purchase today with a proration ratio of approximately 93%.
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