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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.