Georgia-Pacific Announces Debt Refinancing

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Sep 28, 2011, 11:23 ET

ATLANTA, Sept. 28, 2011 /PRNewswire/ -- Georgia-Pacific LLC today announced that it has closed a new senior unsecured credit facility totaling $3.5 billion which matures in 2016 and consists of a revolving credit facility, a domestic term loan and an international term loan. Georgia-Pacific has used the proceeds of this facility, along with the proceeds from an equity contribution from Koch Industries, Inc., to extinguish all of its obligations under its existing senior secured credit facilities.

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As a result of this refinancing, Georgia-Pacific's capital structure will be unsecured with the exception of its accounts receivable securitization facilities.

Joint Lead Arrangers of Georgia-Pacific's senior unsecured credit facility included Merrill Lynch, Pierce, Fenner & Smith Inc.; Citigroup Global Markets, Inc.; Credit Suisse Securities (USA) LLC; Deutsche Bank Securities Inc.; J.P. Morgan Securities LLC; and RBS Securities Inc.

This release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Any statements contained in this news release that are not purely historical fact are forward-looking statements that are based on management's beliefs, certain assumptions and current expectations. These statements may be identified by their use of forward-looking terminology such as the words "expects," "projects," "anticipates," "intends" and other similar words. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, general economic, business and market conditions and other factors. Any forward-looking statements contained in this news release are made as of the date hereof, and we do not undertake any obligation to update any forward-looking statements, whether as a result of future events, new information or otherwise.

The company cautions you not to place undue reliance on any forward-looking statements that speak only as of the date they were made. The company does not undertake any obligation to publicly release any revisions to forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

SOURCE Georgia-Pacific