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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2012) - Ainsworth Lumber Co. Ltd. (TSX:ANS)(TSX:ANS.WT) ("Ainsworth" or the "Company") announced today its intention to issue US$350 million of senior secured notes through a private placement (the "Debt Offering"). Concurrently with this offering, Ainsworth is launching 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 on, among other limited conditions, the successful completion of the Debt Offering. |
