Boise Cascade buys back all $250 million outstanding senior floating-rate notes

By Devika Patel

Knoxville, Tenn., Oct. 18 - Boise Cascade, LLC and Boise Cascade Finance Corp. redeemed all $250 million of their outstanding senior floating-rate notes due 2012, according to an 8-K filed Thursday with the Securities and Exchange Commission.

According to the filing, the notes were redeemed at par, plus accrued interest.

The companies paid a total of $5,261,250 to buy back the notes, which was funded through a $200 million delayed term loan arranged by JPMorgan and other funds, including existing cash balances, the filing said.

Boise Cascade is a Boise, Idaho-based paper and wood products manufacturing and building materials distribution business.

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