Business News

Georgia-Pacific Prices Private Offering of Senior Guaranteed Notes

Wednesday 22. April 2009 - Georgia-Pacific LLC ("Georgia-Pacific" or the "Company") today announced that it has priced a private offering (the "Offering") of $750 million aggregate principal amount of 8.25 percent senior guaranteed notes due 2016 (the "Notes").

The aggregate principal amount of the Notes was increased by $150 million from the $600 million offering amount previously announced and the Notes were priced at a discount to par.

The Notes will pay interest semi-annually beginning on Nov. 1, 2009. The Notes may be redeemed, in whole or in part, at any time prior to May 1, 2013 at par plus a premium, and at any time after May 1, 2013 at specified redemption prices plus accrued and unpaid interest, if any. The Notes will be guaranteed by certain domestic subsidiaries of Georgia-Pacific on a senior unsecured basis and will mature on May 1, 2016. Georgia-Pacific anticipates that the closing of the Offering will take place on or about April 24, 2009, subject to market and other customary closing conditions.

The Notes will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements. The Offering will be made only to qualified institutional buyers in accordance with Rule 144A under the Securities Act and to non-U.S. persons in accordance with Regulation S under the Securities Act.

This communication shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.