New Issue: Weyerhaeuser prices $750 million 4% 10-year notes at 337.5 bps over Treasuries

By Cristal Cody

Tupelo, Miss., March 26 – Weyerhaeuser Co. priced $750 million of 4% 10-year senior notes (Baa2/BBB) on Thursday at a spread of 337.5 basis points over Treasuries, according to a market source and an FWP filed with the Securities and Exchange Commission.

The notes were initially talked at the Treasuries plus 375 bps area.

The issue priced at 98.47 to yield 4.188%.

BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, MUFG and Wells Fargo Securities, LLC were the bookrunners.

Weyerhaeuser is a timber company based in Federal Way, Wash.

Issuer:	Weyerhaeuser Co.
Amount:	$750 million
Description:	Senior notes
Maturity:	April 15, 2030
Bookrunners:	BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, MUFG and Wells Fargo Securities, LLC
Co-managers:	BNY Mellon Capital Markets, LLC, PNC Capital Markets LLC, Rabo Securities USA, Inc., Scotia Capital (USA) Inc., Siebert Williams Shank & Co., LLC, SunTrust Robinson Humphrey, Inc. and U.S. Bancorp Investments, Inc.
Coupon:	4%
Price:	98.47
Yield:	4.188%
Spread:	Treasuries plus 337.5 bps
Call features:	Make-whole call before Jan. 15, 2030 at price equal to greater of par and Treasuries plus 50 bps; thereafter at par
Trade date:	March 26
Settlement date:	March 30
Ratings:	Moody’s: Baa2
	S&P: BBB
Distribution:	SEC registered
Price guidance:	Treasuries plus 375 bps area

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