Domtar repurchases $60 million 7 7/8% notes at discount

By Angela McDaniels

Tacoma, Wash., Feb. 5 - Domtar Corp. repurchased $60 million of its 7 7/8% notes due 2011 during the fourth quarter for a total cash consideration of $51 million, according to a company earnings release.

From Dec. 31, 2007 through the end of 2008, long-term debt decreased by $102 million.

Domtar is a paper company based in Montreal.

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