Domtar files shelf registration statement relating to US$500 million of debt
May 10 2005 - 5:49PM
PR Newswire (US)
Domtar files shelf registration statement relating to US$500
million of debt TICKER SYMBOL DTC (TSX, NYSE) MONTREAL, May 10
/PRNewswire-FirstCall/ -- Domtar announced today that it has filed
a shelf registration statement with the United States Securities
and Exchange Commission (SEC) in accordance with the
Multijurisdictional Disclosure System between Canada and the United
States. It will allow Domtar to issue up to US$500 million of debt
securities in the United States over the next two years. Domtar
expects to use net proceeds from the sale of debt securities under
the registration statement for general corporate purposes,
including refinancing of existing debt. A registration statement
relating to these securities has been filed with the SEC but has
not yet become effective. These securities may not be sold nor may
offers to buy be accepted prior to the time the registration
statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy
the securities, nor will there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of such jurisdiction. The registration statement,
which includes the preliminary base prospectus, is available on the
website of the SEC at http://www.sec.gov/ . The preliminary base
prospectus is also available on the Canadian Securities
Administrators' website at http://www.sedar.com/ . Prospectus
supplements relating to specific offerings of debt securities will
be available from the managing underwriters of such offerings.
DOMTAR IS THE THIRD LARGEST PRODUCER OF UNCOATED FREESHEET PAPER IN
NORTH AMERICA. IT IS ALSO A LEADING MANUFACTURER OF BUSINESS
PAPERS, COMMERCIAL PRINTING AND PUBLICATION PAPERS, AND TECHNICAL
AND SPECIALTY PAPERS. DOMTAR MANAGES ACCORDING TO INTERNATIONALLY
RECOGNIZED STANDARDS 18 MILLION ACRES OF FORESTLAND IN CANADA AND
THE UNITED STATES, AND PRODUCES LUMBER AND OTHER WOOD PRODUCTS.
DOMTAR HAS 10,600 EMPLOYEES ACROSS NORTH AMERICA. THE COMPANY ALSO
HAS A 50% INVESTMENT INTEREST IN NORAMPAC INC., THE LARGEST
CANADIAN PRODUCER OF CONTAINERBOARD. DATASOURCE: DOMTAR INC.
CONTACT: Christian Tardif, Director, Corporate and Regional
Communications, (514) 848-5515, ; Source: Daniel Buron, Senior Vice
President and Chief Financial Officer, (514) 848-5234, ; To request
a free copy of this organization's annual report, please go to
http://www.newswire.ca/ and click on reports@cnw.
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