Jun 04, 2012. /Lesprom Network/. Norbord Inc. announced its intention, subject to market and other conditions, to launch an offering of approximately $240 million in aggregate principal amount of senior notes (the Notes). The proposed offering is expected to comprise two tranches. The first tranche will consist of approximately $165 million of senior secured notes that will rank pari passu with the Company’s existing senior secured notes due 2017 and committed revolving bank lines. The second tranche will consist of approximately $75 million of senior unsecured notes. The senior secured notes will be offered by a syndicate of underwriters by way of a private placement under applicable securities laws. The senior unsecured notes are expected to be placed directly with an institutional investor. Norbord intends to use the net proceeds from this offering to refinance its existing $240 million 7.25% debentures due July 1, 2012. Norbord Inc. is an international producer of wood-based panels with assets of $1 billion, employing approximately 2,000 people at 13 plant locations in the United States, Europe and Canada. Norbord is one of the world’s largest producers of oriented strand board.