Boise (BZ) Announces Pricing on 17M Common Stock Offering at $4.85/Share

November 18, 2009 7:10 AM EST

Boise Inc. (NYSE: BZ) today announced that the previously announced secondary offering of 17 million shares of its common stock has been priced at $4.85 per share. Pursuant to the offering, all of the shares will be sold by the selling stockholders, Boise Cascade Holdings, L.L.C. and trusts affiliated with Jason Weiss, one of Boise Inc.'s directors. All proceeds of the offering will go to the selling stockholders.

Boise Cascade Holdings, L.L.C. has granted the underwriters a 30-day option to purchase up to 2.55 million additional shares. After the offering, and assuming no exercise of the underwriters' option, Boise Cascade Holdings, L.L.C. is expected to own approximately 25% of Boise Inc.'s shares.

Goldman, Sachs & Co. is acting as sole book-running manager in connection with the offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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