BOISE, Idaho, Oct. 16 /PRNewswire-FirstCall/ -- Boise Cascade Corporation
(NYSE: BCC) announced today that it has priced $300 million principal amount
of 6.5% senior notes due in 2010 and $200 million principal amount of 7.0%
senior notes due in 2013. The 2010 notes mature on November 1, 2010. The
2013 notes mature on November 1, 2013, and may be redeemed after November 1,
2008. The notes will be offered to the public at an initial price of par.
The company expects to use the net proceeds from the offering to repay
borrowing under its revolving credit facility, to provide cash necessary for
the OfficeMax acquisition, and for other general corporate purposes.
An underwriting syndicate led by Goldman, Sachs & Co. will make the
offering, and Banc of America Securities LLC, Wachovia Securities and U.S.
Bancorp Piper Jaffray are acting as joint lead managers for the offering.
A shelf registration statement relating to this offering was originally
filed with the Securities and Exchange Commission on April 23, 2002, and has
since been declared effective. This offering will be made pursuant to a
prospectus supplement to the shelf registration statement on file with the
Securities and Exchange Commission.
Copies of the 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 these securities 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
such sate.
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.
SOURCE Boise Cascade Corporation
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CONTACT:
media, Ralph Poore, +1-208-384-7294, or home,
+1-208-331-2023, or investors, Vincent Hannity, +1-208-384-6390,
or cell, +1-208-890-6385, both of Boise Cascade Corporation
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