Weyerhaeuser Company announced recently the commencement of a cash tender offer to purchase any and all of its outstanding 6.750% Notes due 3/15/12 (the "Notes") from the registered holders of Notes (a "Holder"), pursuant to the terms and conditions set forth in an Offer to Purchase dated June 14, 2010 and the related Letter of Transmittal.
(1) Per $1,000 principal amount accepted for purchase.
The Offer will expire at 5:00 p.m., New York City time, on June 21, 2010, unless extended (such date and time, as the same may be extended, the "Expiration Date"). Holders of Notes must validly tender and not validly withdraw their Notes at or before 5:00 p.m., New York City time, on the Expiration Date to be eligible to receive the Purchase Price. The deadline for Holders to validly withdraw tenders of Notes is 5:00 p.m., New York City time, on the Expiration Date. Weyerhaeuser will pay the Purchase Price for all Notes validly tendered and accepted for purchase in the Offer.
In addition to the Purchase Price, Holders who tender Notes will be paid accrued and unpaid interest calculated up to, but not including, the settlement date (the "Settlement Date"), paid on the Settlement Date. The Settlement Date for the Offer is expected to be one business day following the Expiration Date, or June 22, 2010.
