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Louisiana-Pacific to sell $350 million eight-year notes on Wednesday
By Paul A. Harris
Portland, Ore., Sept. 7 – Louisiana-Pacific Corp. plans to price $350 million of eight-year senior notes on Wednesday, according to a market source.
BofA Merrill Lynch, RBC Capital Markets and Goldman Sachs & Co. are managing the sale.
The notes come with three years of call protection.
The Nashville, Tenn.-based building materials company plans to use the proceeds from the Rule 144A and Regulation S offering, together with cash on hand, to fund the tender for its 7½% senior notes due 2020.
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