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| LPX > SEC Filings for LPX > Form 8-K on 4-Mar-2009 | All Recent SEC Filings |
4-Mar-2009
Other Events, Financial Statements and Exhibits
On March 3, 2009, Louisiana-Pacific Corporation ("LP") announced that it has priced its offering of units (the "Units") consisting of $375 million aggregate principal amount at maturity of Senior Secured Notes due 2017 (the "Notes") and warrants (the "Warrants") to purchase an aggregate of approximately 18.4 shares of LP common stock, representing approximately 15% of the total number of shares of LP common stock outstanding on a fully diluted basis, subject to mandatory cashless exercise provisions. The Notes will bear interest at an annual rate of 13% and will be issued at a price equal to 75% of the principal amount thereof to yield approximately 19%. LP expects to close the offering on March 10, 2009, subject to the satisfaction of customary closing conditions.
LP intends to use the net proceeds from the offering for general corporate purposes, including the retirement on the closing date of the offering of approximately $126.6 of its Senior Notes due 2010.
LP's press release relating to the matters discussed above is filed as Exhibit 99.1 to this report and is incorporated herein by reference.
(d) Exhibits:
Exhibit No. Description
99.1 Press Release, dated March 3, 2009.
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