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Roseburg Forest $600 million credit facility to launch Jan. 26
By Sara Rosenberg
New York, Jan. 15 - Roseburg Forest Products Co. is now expected to come to market with a $600 million credit facility, as opposed to the previously reported size of $375 million, according to a syndicate document. The bank meeting is scheduled for Jan. 26, compared to prior expectations that the deal could have come as early as December 2003.
The facility consists of a $250 million revolver and a $350 million term loan B. Previously it was thought that the facility would consist of a $150 million term loan B and a $225 million revolver.
Interest rates are still to be determined.
Credit Suisse First Boston will be leading the term loan portion of the deal, while American AgCredit and US Bank will be joint-lead arrangers on the revolver.
Proceeds will be used to refinance an existing credit facility.
Roseburg is a Roseburg, Ore., producer and supplier of wood products.
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