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Weyerhaeuser to price offering of notes via five bookrunners
By Marisa Wong
Los Angeles, May 15 – Weyerhaeuser Co. plans to price fixed-rate notes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will feature a make-whole call option.
If a change-of-control triggering event occurs, the company will make an offer to purchase the notes at 101.
Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc. and Scotia Capital (USA) Inc. are the joint bookrunners.
Bank of New York Mellon Trust Co., NA is the trustee.
Cravath, Swaine & Moore LLP, in-house counsel and Covington & Burling LLP will advise the company on legal matters. Davis Polk & Wardwell LLP will act as counsel for the underwriters.
Proceeds will be used for general corporate purposes, including repaying or refinancing some of the company’s debt.
Weyerhaeuser is a lumber company based in Seattle.
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