From Earlier: Domtar Corporation Announces Expiration of Early Tender Time for Tender Offer for Certain Outstanding Notes
Domtar Corporation (NYSE: UFS) announced the expiry yesterday, at 5:00 p.m., New York City time, of the early tender deadline for its previously announced cash tender offer for its outstanding 10.75% Notes due 2017, 9.5% Notes due 2016, 7.125% Notes due 2015 and 5.375% Notes due 2013. The terms and conditions of the tender offer are described in the Offer to Purchase, dated February 22, 2012, and related letter of transmittal, which have been sent to holders of the Notes.
The aggregate principal amount of each series of Notes that has been validly tendered and not withdrawn as of the Early Tender Time is set forth in the table below.
Pursuant to the terms of the tender offer, Domtar will only purchase Notes such that the maximum aggregate consideration for Notes purchased in the tender offer, excluding accrued and unpaid interest, will not exceed $250,000,000. The Company will purchase Notes that are validly tendered (and not validly withdrawn) in accordance with the acceptance priority levels set forth below and subject to the terms and conditions of the tender offer, including, to the extent additional outstanding Notes are tendered such that the maximum aggregate consideration for Notes purchased in the tender offer, excluding accrued and unpaid interest, would exceed the Maximum Payment Amount, the applicable pro ration.
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