Deltic Timber 8-K 2008
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
October 30, 2008
Date of Report (date of earliest event reported)
Deltic Timber Corporation
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code (870) 881-9400
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.below):
The information contained in Item 2.04 concerning Deltic Timber Corporations (the Company) accepted Notice Letter (defined below) is hereby incorporated by reference.
On October 29, 2008, the Company delivered a notice of voluntary prepayment (Notice Letter) to Metropolitan Life Insurance Company, MetLife Investors USA Insurance Company, New England Life Insurance Company, General American Life Insurance Company, MetLife Insurance Company of Connecticut, and Modern Woodmen of America (collectively, the Note Purchasers) to prepay in full all of its outstanding obligations as of November 4, 2008 relating to the $30.0 million 6.01% Senior Notes that were issued pursuant to a Note Purchase Agreement dated December 20, 2002, as amended. As part of the notice, the Company requested that the Note Purchasers waive any prepayment penalty or other requirement to pay any make whole fees. On October 30, 2008, all Note Purchasers, except for Modern Woodmen of America, accepted the Companys proposal, counter-signed the Notice Letter, and are waiving any prepayment penalties or make whole fees. As a result, $25.0 million of the $30.0 million notes will be paid in full, surrendered to the Company and cancelled.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 30, 2008