Georgia-Pacific to call 8.625% debentures due in 2025
Apr 04, 2005. Georgia-Pacific Corp. (NYSE: GP) announced it has elected to call for redemption all of its 8.625% debentures due April 30, 2025. These debentures were issued in April 1995 and have an aggregate outstanding principal amount of $250 million. The company anticipates that the debentures will be redeemed on or about April 30, 2005.
Apr 04, 2005. /Lesprom Network/. Georgia-Pacific Corp. (NYSE: GP) announced it has elected to call for redemption all of its 8.625% debentures due April 30, 2025. These debentures were issued in April 1995 and have an aggregate outstanding principal amount of $250 million. The company anticipates that the debentures will be redeemed on or about April 30, 2005.
Georgia-Pacific said it will use funds available under its revolving credit facility to redeem these debentures. The company expects to record a second quarter 2005 pretax charge of approximately $12.5 million for call premiums and to write off deferred debt issuance costs.