Georgia-Pacific announces launch of tender offers and consent solicitations
Nov 18, 2005. Georgia-Pacific Corp. commenced on Thursday its previously announced tender offers to purchase approximately $2.4 billion of debt securities issued by Georgia-Pacific and its Fort James Corp. subsidiary.
Nov 18, 2005. /Lesprom Network/. Georgia-Pacific Corp. commenced on Thursday its previously announced tender offers to purchase approximately $2.4 billion of debt securities issued by Georgia-Pacific and its Fort James Corp. subsidiary.
Georgia-Pacific is making the offers to purchase the debt in connection with the recently announced acquisition of Georgia-Pacific by Koch Forest Products, Inc., an indirect wholly owned subsidiary of Koch Industries, Inc. Consummation of the tender offers is subject to certain conditions, including completion of the associated merger following consummation of Koch Forest Products' all cash tender offer for shares of Georgia-Pacific common stock. Funding for tendered securities will be provided by Koch Forest Products using the proceeds of merger financing facilities.
Headquartered at Atlanta, Georgia-Pacific is one of the world's leading manufacturers and marketers of tissue, packaging, paper, building products and related chemicals. With 2004 annual sales of approximately $20 billion, the company employs 55,000 people at more than 300 locations in North America and Europe. Its familiar consumer tissue brands include Quilted Northern(R), Angel Soft(R), Brawny(R), Sparkle(R), Soft 'n Gentle(R), Mardi Gras(R), Vanity Fair(R) and Lotus(R), as well as the Dixie(R) brand of disposable cups, plates and cutlery. Georgia-Pacific's building products manufacturing business has long been among the nation's leading supplier of building products to lumber and building materials dealers and large do-it-yourself warehouse retailers.