Oct 16, 2009. /Lesprom Network/. Boise Inc., a leading manufacturer of packaging products and papers, announced that Boise Paper Holdings, L.L.C. and Boise Finance Company, wholly owned subsidiaries of Boise Inc., are proposing to jointly issue $300 million aggregate principal amount of senior unsecured notes due 2017 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). Boise intends to use the net proceeds from this offering to retire a portion of the existing term loan indebtedness under Boise Paper Holdings' senior secured credit facilities, repurchase Boise's unsecured subordinated promissory notes, and pay related fees and expenses.