Domtar holders tender 77% by early date in offer for 7 7/8% notes

By Susanna Moon

Chicago, June 1 - Domtar Corp. said investors tendered $415,942,000, or 77%, of its 7 7/8% notes due 2011 by the early tender date of June 1.

Domtar announced the cash tender offer for up to $250 million of its $540 million of the notes on May 20.

The offer will end at midnight ET on June 16.

For each $1,000 principal amount, Domtar previously said it will pay $1,010, which includes an early tender payment of $10 for those who tender by the early deadline.

The company will also pay accrued interest.

Domtar noted that it may increase or waive the tender cap.

J.P. Morgan Securities Inc. (call collect 212 270-1477 or 800 245-8812) and Morgan Stanley & Co. Inc. (call collect 212 761-1941 or 800 624-1808) are the dealer managers. Global Bondholder Services Corp. (212 430-3774 or 866 470-3700) is the information agent and depositary.

Domtar is a paper company based in Montreal.

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