Weyerhaeuser Real Estate to issue senior notes to help fund merger with TRI Pointe Homes

By Paul A. Harris

Portland, Ore., Nov. 4 - Weyerhaeuser Real Estate Co. (Wreco) is planning to issue new senior notes to help fund its merger with Irvine, Calif.-based TRI Pointe Homes, according to a press release issued by Wreco on Monday.

The transaction, valued at about $2.7 billion, is anticipated to close in the second quarter of 2014.

Part of the proceeds will be paid to Weyerhaeuser Co. at closing

Wreco is the homebuilding subsidiary of Federal Way, Wash.-based Weyerhaeuser.

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