Domtar to redeem 8¾% notes, repay bank debt with new deal proceeds

New York, Aug. 2 - Domtar said it plans to redeem its $150 million of 8¾% notes due August 2006 and repay a "substantial portion" of its revolving credit facility with proceeds from its sale of $400 million of 7 1/8% notes due 2015.

Domtar is a Montreal-based paper and packaging company.

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