(NYSE: UFS) (TSX: UFS)
MONTREAL, Feb. 25, 2013 /CNW Telbec/ - Domtar Corporation (NYSE: UFS)
(TSX: UFS) today announced that it will redeem approximately $70.9
million in aggregate principal amount of its 5.375% Notes due 2013,
representing all of the notes outstanding.
The notes will be redeemed at a redemption price of 100 percent of the
principal amount, plus accrued and unpaid interest, as well as a
make-whole premium. The accrued interest will be paid for the period
from December 1, 2012 up to, but excluding, the redemption date of
March 28, 2013. The make-whole premium will be calculated three days
prior to redemption in accordance with the terms of the indenture
governing the notes.
The terms of the redemption are described in the notice of redemption to
be sent to registered holders on or about February 25, 2013.
Notes are to be surrendered to The Bank of New York Mellon, as trustee
and paying agent, in exchange for the payment of the redemption price.
Holders who hold their notes through The Depository Trust Company, or
DTC, will receive payment through DTC.
Domtar Corporation (NYSE: UFS) (TSX: UFS) designs, manufactures, markets
and distributes a wide variety of fiber-based products including
communication papers, specialty and packaging papers and adult
incontinence products. The foundation of its business is a network of
world class wood fiber converting assets that produce papergrade, fluff
and specialty pulps. The majority of its pulp production is consumed
internally to manufacture paper and consumer products. Domtar is the
largest integrated marketer of uncoated freesheet paper in North
America with recognized brands such as Cougar®, Lynx® Opaque Ultra, Husky® Opaque Offset, First Choice® and Domtar EarthChoice®. Domtar is also a leading marketer and producer of a complete line of
incontinence care products marketed primarily under the Attends® brand name. Domtar owns and operates Ariva®, an extensive network of strategically located paper and printing
supplies distribution facilities. In 2012, Domtar had sales of US$5.5
billion from nearly 50 countries. The Company employs approximately
9,300 people. To learn more, visit www.domtar.com.
All statements in this news 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. The Company is under no obligation, and expressly disclaims
such obligation, to update, alter or revise these forward-looking
statements, whether as a result of new information, future events, or
otherwise. 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 latest Annual
Report on Form 10-K filed with the Securities and Exchange Commission
as periodically updated by subsequently filed Form 10-Q's.
SOURCE: DOMTAR CORPORATION