Boise Cascade to price $300 million eight-year notes on Tuesday

By Paul A. Harris

Portland, Ore., Aug. 15 – Boise Cascade Co. plans to take part in an investor conference call at 11:30 a.m. ET on Tuesday, according to a syndicate source.

The Boise, Idaho-based manufacturer and distributor of lumber and building materials intends to sell $300 million of eight-year senior notes (expected ratings B1/BB-) in a deal slated to price on Tuesday afternoon.

Wells Fargo Securities LLC is the left bookrunner for the Rule 144A and Regulation S for life offering. BofA Merrill Lynch, J.P. Morgan Securities LLC, U.S. Bancorp Investments Inc. and Goldman Sachs & Co. are the joint bookrunners. PNC Capital Markets is the co-manager.

The notes become callable after three years at par plus 75% of the coupon.

The company plans to use the proceeds to repurchase or redeem its 6 3/8% notes due 2020.

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