Louisiana-Pacific Corp. (LPX) Prices Aggregate $350M Debt Offering
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LP Announces Pricing of Debt Offering
September 7, 2016 4:01 PM EDTNASHVILLE, Tenn.--(BUSINESS WIRE)-- Louisiana-Pacific Corporation (LP) (NYSE: LPX) today announced that it has priced its offering of $350 million in aggregate principal amount of senior notes due 2024 (the Notes) in an offering exempt from the registration requirements of the Securities Act of 1933, as amended (the Securities Act). The Notes will bear interest at an annual rate of 4.875%. The offering of the Notes is expected to close on September 14, 2016, subject to the satisfaction of customary closing conditions.
LP intends to use the net proceeds from the offering, together with cash on hand, to... More
LP Announces Commencement of Tender Offer for Any and All of its 7.500% Senior Notes Due 2020
September 7, 2016 8:36 AM EDTNASHVILLE, Tenn.--(BUSINESS WIRE)-- Louisiana-Pacific Corporation (LP) (NYSE: LPX) today announced that it has commenced a cash tender offer for any and all of its outstanding 7.500% senior notes due 2020 (the Notes). The tender offer is being made on the terms and subject to the conditions set forth in the offer to purchase and related letter of transmittal and notice of guaranteed delivery, each dated September 7, 2016.
The tender offer is scheduled to expire at 5:00 p.m., New York City time, on September 13, 2016 unless extended or earlier terminated as described in the offer... More
LP Announces Launch of Debt Offering
September 7, 2016 8:36 AM EDTNASHVILLE, Tenn.--(BUSINESS WIRE)-- Louisiana-Pacific Corporation (LP) (NYSE: LPX) today announced that it has commenced an offering of $350 million in aggregate principal amount of senior notes due 2024 (the Notes) in an offering exempt from the registration requirements of the Securities Act of 1933, as amended (the Securities Act).
LP intends to use the net proceeds from the offering, together with cash on hand, to repurchase and/or redeem and retire all of its outstanding 7.500% senior notes due 2020 pursuant to its concurrently announced tender offer, including tender or redemption premiums with respect to such... More
