Boise Cascade Company
1111 West Jefferson Street Ste 300 PO Box 50 Boise, ID 83728
T 208 384 6161 F 208 384 4913
Investor Relations Contact
Office 208 384 6073
Office 208 384 6451
For Immediate Release: August 12, 2013
Boise Cascade Company Announces Proposed Private Offering of $50 Million of Additional Senior Notes
BOISE, Idaho – Boise Cascade Company (Boise Cascade) (NYSE: BCC) today announced it intends to
offer, subject to market and other customary conditions, $50,000,000 in aggregate principal amount of
6 3/8% senior notes due 2020 (the “Notes”) in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The Notes are being issued as additional 6 3/8%senior notes due 2020 under the indenture dated as of October 22, 2012. The Notes will have identical terms to the $250 million in aggregate principal amount of 6 3/8% senior notes due 2020 issued on October 22, 2012 (the “Existing Notes”). When the Notes are exchanged for notes registered under the Securities Act, they will trade fungibly with the Existing Notes and will be treated as a single class with the Existing Notes. Prior to that, the Notes will trade separately from the Existing Notes.
Boise Cascade intends to use the net proceeds from the offering for working capital and general corporate purposes. The Notes will be guaranteed by each of Boise Cascade’s existing and future direct or indirect domestic subsidiaries that is a guarantor or co-borrower under its senior secured revolving credit facility (the “Revolving Credit Facility”).
The Notes and related guarantees will be offered only to “qualified institutional buyers” in reliance on the exemption from registration pursuant to Rule 144A under the Securities Act. The Notes and related guarantees have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the Securities Act and applicable state securities or blue sky laws and foreign securities laws.
This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities. The Notes offering is only being made by means of a private offering memorandum, and not being made to any person in any jurisdiction in which the offer, solicitation or sale is unlawful.
About Boise Cascade
Boise Cascade is a large vertically-integrated wood products manufacturer and building materials distributor with widespread operations in the United States and Canada. Boise Cascade is headquartered in Boise, Idaho.
This press release contains forward-looking statements, which are subject to substantial risks, uncertainties and assumptions. You should not place reliance on these statements. Forward-looking statements include information concerning the proposed offering. These statements often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “seek,” “will,” “may” or similar expressions. You should not place undue reliance on these forward-looking statements. All such statements speak only as of the date made, and we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.