RICHMOND, Va., Oct. 6 /PRNewswire/ -- Fort James Corporation today
announced the completion of the tender offers and consent solicitations
relating to certain outstanding debt securities of its wholly-owned
subsidiary, Fort Howard Corporation.  The offers to purchase, announced on
September 8, 1997, expired at 12:00 midnight, New York City time, on October
3, 1997.  All debt securities validly tendered in the offer have been
accepted.  The amount tendered and accepted for purchase represents an average
success rate of 87.2 percent.
    For debt securities already received, payment of the tender offer price,
the consent payment, if applicable, and accrued and unpaid interest will be
made on October 8, 1997.  Payments for debt securities received subsequently
(under guarantees of delivery) will be made after such receipt.
    The description, CUSIP number, outstanding principal amount prior to the
offers to purchase and the amount tendered and accepted for purchase for each
series of debt securities involved are as follows:

    Description of Series      Outstanding Principal      Amount Tendered and
      and CUSIP Number        Amount Prior to Offers     Accepted for Purchase

    8-1/4% Senior Notes          $100,000,000                $89,852,000
     due 2002
    CUSIP 347460 AJ6

    9-1/4% Senior Notes           450,000,000                395,056,000
     due 2001
    CUSIP 347460 AK3

    9% Senior Subordinated        618,097,000                559,436,000
     Notes due 2006
    CUSIP 347460 AG2

    10% Subordinated Notes        298,500,000                234,132,000
     due 2003
    CUSIP 347460 AH0

       Total                   $1,466,597,000             $1,278,476,000


    Fort James is a leading international consumer products company, serving
consumers both at home and away-from-home with bathroom and facial tissue,
paper towels, napkins, and cups and plates.  The company's popular brands
include Quilted Northern, Brawny, Dixie, Vanity Fair, Mardi Gras, Green
Forest, Soft 'N Gentle and So-Dri in North America and Lotus, Tenderly,
Colhogar and Kittensoft in Europe. Fort James also produces folding cartons
for packaging food and pharmaceuticals and communications papers such as
printing, publishing and office copy paper.  The company has approximately
30,000 employees and more than 65 manufacturing facilities in the U.S., Canada
and 12 European countries.
    Copies of today's news release, along with additional information on Fort
James, is available, at no charge, by calling 888-526 3711.  You may also
access the company's Web site at Internet address http://www.fortjames.com.

Link to this page: