Domtar to redeem $150 million 8¾% notes due 2006

By Jennifer Chiou

New York, Aug. 5 - Domtar Inc. announced the Sept. 9 redemption of its $150 million of 8¾% notes due Aug. 1, 2006.

The company will use part of the proceeds of its recently completed offering of $400 million of 7 1/8% notes due 2015.

The Montreal paper manufacturer will determine the redemption price based on a reference Treasury plus 50 basis points.

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