Domtar Corporation (ticker: UFS, exchange: New York Stock Exchange (.N))
News Release -
Domtar files shelf registration statement relating to US$500 million of debt
DTC (TSX, NYSE)
MONTREAL, May 10 /PRNewswire-FirstCall/ - Domtar announced today that it
has filed a shelf registration statement with the United States Securities and
Exchange Commission (SEC) in accordance with the Multijurisdictional
Disclosure System between Canada and the United States. It will allow Domtar
to issue up to US$500 million of debt securities in the United States over the
next two years.
Domtar expects to use net proceeds from the sale of debt securities under
the registration statement for general corporate purposes, including
refinancing of existing debt.
A registration statement relating to these securities has been filed with
the SEC but has not yet become effective. These securities may not be sold nor
may offers to buy be accepted prior to the time the registration statement
becomes effective. This press release shall not constitute an offer to sell or
the solicitation of an offer to buy the securities, nor will there be any sale
of the securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to the registration or qualification under the
securities laws of such jurisdiction.
The registration statement, which includes the preliminary base
prospectus, is available on the website of the SEC at www.sec.gov . The
preliminary base prospectus is also available on the Canadian Securities
Administrators' website at www.sedar.com . Prospectus supplements relating to
specific offerings of debt securities will be available from the managing
underwriters of such offerings.
DOMTAR IS THE THIRD LARGEST PRODUCER OF UNCOATED FREESHEET PAPER IN NORTH
AMERICA. IT IS ALSO A LEADING MANUFACTURER OF BUSINESS PAPERS, COMMERCIAL
PRINTING AND PUBLICATION PAPERS, AND TECHNICAL AND SPECIALTY PAPERS. DOMTAR
MANAGES ACCORDING TO INTERNATIONALLY RECOGNIZED STANDARDS 18 MILLION ACRES OF
FORESTLAND IN CANADA AND THE UNITED STATES, AND PRODUCES LUMBER AND OTHER WOOD
PRODUCTS. DOMTAR HAS 10,600 EMPLOYEES ACROSS NORTH AMERICA. THE COMPANY ALSO
HAS A 50% INVESTMENT INTEREST IN NORAMPAC INC., THE LARGEST CANADIAN PRODUCER
SOURCE DOMTAR INC.
/CONTACT: Christian Tardif, Director, Corporate and
Regional Communications, (514) 848-5515, firstname.lastname@example.org;
Source: Daniel Buron, Senior Vice President and Chief Financial Officer,
(514) 848-5234, email@example.com;
To request a free copy of this organization's annual report, please go to
http://www.newswire.ca and click on reports@cnw./
CO: DOMTAR INC.
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8929 05/10/2005 16:49 EDT http://www.prnewswire.com