07:39:09 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Norbord Inc (2)
Symbol NBD
Shares Issued 53,474,383
Close 2015-03-31 C$ 26.66
Market Cap C$ 1,425,627,051
Recent Sedar Documents

Norbord arranges $315-million (U.S.) note offering

2015-04-01 08:53 ET - News Release

Ms. Heather Colpitts reports

NORBORD ANNOUNCES PROPOSED SENIOR SECURED NOTES OFFERING

Norbord Inc. intends, subject to market and other conditions, to launch an offering of approximately $315-million (U.S.) in aggregate principal amount of senior secured notes.

The notes will rank pari passu with the company's existing senior secured notes due 2017 and senior secured notes due 2020, and committed revolving bank lines. The notes will be offered by a syndicate of initial purchasers by way of a private placement under applicable securities laws.

Norbord intends to use the net proceeds from this offering, along with cash on hand, to repurchase for cash all of the outstanding 7.5 per cent senior secured notes due 2017 issued by Ainsworth Lumber Co. Ltd. pursuant to a tender offer and consent solicitation and to redeem any remaining outstanding Ainsworth 2017 notes following the tender offer.

We seek Safe Harbor.

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