Louisiana-Pacific seeks consents for its $200 million 8 7/8% notes

By Susanna Moon

Chicago, March 2 - Louisiana-Pacific Corp. said it began a consent solicitation for its $200 million of outstanding 8 7/8% senior notes due 2010.

The solicitation will end at 5 p.m. ET on March 9.

The proposed amendments would delete certain covenants that restrict the company's ability to incur liens and security interests on its properties and assets and to enter into sale and leaseback transactions; for its unrestricted subsidiaries to become restricted subsidiaries; and to merge or consolidate with or into any other person or transfer all or substantially all of its assets to any other person unless certain conditions are satisfied.

Louisiana-Pacific will pay a consent fee of $5 in cash for each $1,000 in principal amount of the notes.

Banc of America Securities LLC (888 292-0070), Goldman, Sachs & Co. (800 828-3182) and RBC Capital Markets Corp. (212 618-2205) are solicitation agents.

D.F. King & Co., Inc. (212 269-5550) is information and tabulation agent.

Nashville-based Louisiana-Pacific is a supplier of building materials to retail, wholesale, homebuilding and industrial customers.

© 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.