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Domtar cuts consent solicitations, keeps change-of-control offers
Chicago, Dec. 13 – Domtar Corp. terminated the consent solicitations started on Dec. 2 for its $250 million outstanding 6¼% notes due 2024 (Cusip: 257559AJ3) and its $250 million outstanding 6¾% senior notes due 2044 (Cusip: 257559AK0), according to a press release.
Domtar was soliciting consents to amend the indenture governing the notes to remove the requirement to publicly file bondholder reports with the Securities and Exchange Commission and make other changes appropriate for a private company.
The change-of-control offer is ongoing, though.
The company is still offering to buy the notes at 101, plus interest up to the date of purchase.
The change-of-control offers will expire at midnight ET on Jan. 3.
Barclays (212 528-7581, 800 438-3242), BMO Capital Markets Corp., Credit Suisse Securities (USA) LLC and Wells Fargo Securities, LLC were the solicitation agents.
Global Bondholder Services Corp. may be contacted (212 430-3774, 866 807-2200, contact@gbsc-usa.com).
Domtar makes paper and other fiber-based products and is based in Fort Mill, S.C. The company announced a merger with Paper Excellence BV, a subsidiary of Karta Halten BV. It is now a private company.
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