Georgia-Pacific to price $1 billion eight-year, 10-year notes Oct. 11 week

By Paul A. Harris

St. Louis, Dec. 7 - Georgia-Pacific Corp. will hold a roadshow for a $1 billion offering of senior guaranteed notes on Monday and Tuesday and will hold an investor call at 12:30 p.m. ET on Monday, according to an informed source.

The offering is comprised of tranches of notes maturing in January 2015, which are non-callable for four years, and January 2017, which are non-callable for five years. Tranche sizes remain to be determined.

Banc of America Securities LLC, Citigroup and Deutsche Bank Securities are joint bookrunners, with Banc of America Securities as the left lead. Co-managers are expected to be announced.

Credit ratings remain to be determined.

The Rule 144A notes will be guaranteed by certain domestic subsidiaries.

Proceeds, together with a $1.25 billion first-lien senior secured credit facility, will be used to repay the company's $2.25 billion second-lien senior secured term loan.

The Atlanta-based paper and building products company is a subsidiary of Koch Industries.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.