Boise Cascade plans to buy back some 7 1/8% notes with Aldabra proceeds

By Jennifer Chiou

New York, Oct. 24 - Boise Cascade Holdings, LLC intends to use some proceeds from the sale of its paper, packaging and newsprint assets to Aldabra 2 Acquisition Corp. to repurchase a portion of its 7 1/8% senior subordinated notes due 2014, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The Boise, Idaho-based paper and wood products manufacturing and building materials distribution business said it will buy back the notes at par.

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