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| Home : Ainsworth Announces Pricing of Private Placement of Senior Secured Notes |
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Nov 15
2012 |
Ainsworth Announces Pricing of Private Placement of Senior Secured Notes |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2012) - Ainsworth Lumber Co. Ltd. (TSX:ANS)(TSX:ANS.WT) ("Ainsworth" or the "Company") announced today that it has priced its previously announced offering (the "Debt Offering") of US$350 million aggregate principal amount of senior secured notes by way of private placement (the "Notes"). The Notes will be due December 15, 2017 and will bear interest at an annual rate of 7.5%. Ainsworth expects to close the Debt Offering on or about November 27, 2012. As previously announced, Ainsworth has launched a cash tender offer and consent solicitation (the "Tender Offer") for any and all of the Company's previously issued 11% senior notes due 2015 (the "2015 Notes"). The Tender Offer is conditioned, among other limited conditions, on the successful completion of the Debt Offering. |
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| Source:http://www.marketwire.com/mw/release.do?id=1726751&sourceType=3 |
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