Ainsworth Lumber receives consents to amend 6¾% notes

New York, Feb. 17 - Ainsworth Lumber Co. Ltd. said it obtained the necessary consents to amend its $210 million of 6¾% senior notes due 2014 issued on March 3, 2004 and $110 million of 6¾% senior notes due 2014 issued on May 19, 2004.

As of the expiration at 5 p.m. ET on Feb. 17, all holders had consented.

Receipt of the consents follows an increase in the fee on offer to $5.00 per $1,000 principal amount instead of $2.50, announced on Feb. 10.

At the same time, Ainsworth had extended the expiration to 5 p.m. ET on Feb. 17 instead of 5 p.m. ET on Feb. 15.

As announced on Feb. 2, Ainsworth was seeking to match the note indentures to its 7¼% senior notes due 2012 and senior floating-rate notes due 2010 by amending the definition of permitted liens and adding a definition of purchase money indebtedness.

Goldman, Sachs & Co. is solicitation agent (contact Credit Liability Management Group at 800 828-3182 or call collect 212 357-7867). The information agent is Global Bondholder Services Corp. (866 873-6300 or call collect 212 430-3774).

Ainsworth is a Vancouver, B.C.-based forest products company.

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