BOISE, Idaho, Oct. 6 /PRNewswire-FirstCall/ -- Boise Cascade Corporation
(NYSE: BCC) announced today plans to proceed with a $500 million senior
unsecured notes offering.
The company intends to use the proceeds of the offering to repay
borrowings under its credit facility, to provide the cash necessary for the
previously announced acquisition of OfficeMax, Inc., and for general corporate
purposes.
The offering will be made by an underwriting syndicate led by Goldman,
Sachs & Co.
A shelf registration statement relating to this offering was originally
filed with the Securities and Exchange Commission on April 16, 2002, and has
since been declared effective. This offering will be made pursuant to a
prospectus supplement and the prospectus included in the shelf registration
statement.
Copies of the prospectus and prospectus supplement, when available, may be
obtained from Goldman, Sachs & Co., Prospectus Department, 85 Broad Street,
New York, New York 10004, (212) 902-1171.
This news release does not constitute an offer to sell or the solicitation
of an offer to buy nor will there be any sale of these securities in any state
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.
The offering will be made only by means of the prospectus and prospectus
supplement.
Boise delivers office, building, and paper solutions that help our
customers to manage productive offices and construct well-built homes -- two
of the most important activities in our society. Boise's 24,000 employees
help people work more efficiently, build more effectively, and create new ways
to meet business challenges. Boise also provides constructive solutions for
environmental conservation by managing natural resources for the benefit of
future generations. Boise had sales of $7.4 billion in 2002.
Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements are
based on the current expectations and beliefs of our management and are
subject to a number of uncertainties and assumptions. These forward-looking
statements operate only as of the date of this release, and we undertake no
obligation to update them.
SOURCE Boise Cascade Corporation
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CONTACT:
Media, Ralph Poore, +1-208-384-7294, home,
+1-208-331-2023, or Investors, Vincent Hannity, +1-208-384-6390,
home, +1-208-345-8141, both of Boise Cascade Corporation
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