Norbord Finance gets tenders for 99.99% of 8 1/8% debentures

By Laura Lutz

Des Moines, Feb. 28 - Norbord Inc. announced that its subsidiary, Norbord Finance (Ontario) Inc., has received tenders and consent for $196.67 million, or 99.99%, of its outstanding 8 1/8% debentures due March 20, 2008.

The consents allowed Norbord to amend the notes.

The tender offer and consent solicitation expires at midnight ET on March 12. It was announced on Feb. 13.

Credit Suisse Securities (USA) LLC (collect 212 538-4807) is the dealer manager, and Global Bondholder Services Corp. (866 952-2200 or collect 212 430-3774) is the information agent.

Toronto-based Norbord produces wood-based panels.

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