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Published on 4/24/2009 in the Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

Plum Creek Timber files automatic shelf that includes stock, debt

By Devika Patel

Knoxville, Tenn., April 24 - Plum Creek Timber Co. Inc. filed an automatic shelf registration in an S-3ASR filing with the Securities and Exchange Commission.

The registration covers common stock, preferred stock, depositary shares, warrants and guarantees. Also covered by the shelf are debt securities to be issued by Plum Creek Timberlands LP, which will be guaranteed by Plum Creek Timber.

Debt securities, preferred stock and depositary shares may be structured as convertibles.

The Seattle-based timber company will use proceeds for general operational purposes.


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