DBRS: Weyerhaeuser unchanged

DBRS said that Weyerhaeuser Co. announced that it is offering to purchase for cash up to $500 million principal amount of its outstanding 6.75% notes due March 15, 2012, at a price ranging from $1,030 to $1,062.50. The offer will expire at midnight on Dec. 9.

DBRS said it believes the transaction does not have a material impact on the company's financial profile and does not warrant any rating action.

According to the agency, Weyerhaeuser's issuer rating is BBB (high) and its commercial paper is rated R-2 (high), both with negative trends.

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