MONTREAL, Jan. 7 /PRNewswire-FirstCall/ -- Domtar Inc., a wholly owned subsidiary of Domtar Corporation, announced today, following the Expiration Time on January 3, 2008 at 5:00 p.m. (EST), the completion of its previously announced Offers to purchase for cash any and all of its outstanding Canadian dollar denominated 10% Debentures due 2011 and 10.85% Debentures due 2017.
The depositary, Computershare Investor Services Inc., has advised Domtar Inc. that a final total of CDN$79,810,000 aggregate principal amount of the 10% Debentures representing approximately 97.33% of those outstanding (which amount includes CDN$79,795,000 previously accepted for purchase and payment on December 20, 2007), and CDN$74,387,000 aggregate principal amount of the 10.85% Debentures representing approximately 99.30% of those outstanding (which amount includes CDN$74,352,000 previously accepted for purchase and payment on December 20, 2007) were validly tendered pursuant to the Offers. Domtar Inc. accepted for purchase and payment today CDN$15,000 aggregate principal amount of the 10% Debentures and CDN$35,000 aggregate principal amount of the 10.85% Debentures. As previously announced, the supplements to the respective Indentures governing the Debentures reflecting the requested amendments thereto were entered into on December 20, 2007 after receipt of sufficient consents.
Domtar Corporation (NYSE/TSX: UFS) is the largest integrated producer of uncoated freesheet paper in North America and the second largest in the world based on production capacity, and is also a manufacturer of papergrade pulp. The Company designs, manufactures, markets and distributes a wide range of business, commercial printing, publication as well as technical and specialty papers with recognized brands such as First Choice(R), Domtar Microprint(R), Windsor Offset(R), Cougar(R) as well as its full line of environmentally and socially responsible papers, Domtar EarthChoice(R). Domtar owns and operates Domtar Distribution Group, an extensive network of strategically located paper distribution facilities. Domtar also produces lumber and other specialty and industrial wood products. The Company employs nearly 14,000 people. To learn more, visit http://www.domtar.com/.
All statements in this press release that are not based on historical fact are "forward-looking statements". While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under the captions "Forward-Looking Statements" and "Risk Factors" of the prospectuses contained in the registration statement on Form S-4 filed with the SEC. We disclaim any intention to, and undertake no obligation to, update or revise any forward-looking statements contained in this press release.
