This excerpt taken from the LPX 8-K filed Sep 24, 2009.
Louisiana-Pacific Corp. Announces Pricing of its Common Stock Offering
NASHVILLE, Tenn. (September 23, 2009) Louisiana-Pacific Corporation (LP) (NYSE:LPX) today announced the pricing of a public offering of 18,000,000 shares of its common stock, at an offering price of $6.75 per share. LP has granted the underwriters a 30-day option to purchase up to 2,700,000 additional shares. Goldman, Sachs & Co. is acting as the sole book- running agent, and UBS Investment Bank and RBC Capital Markets will act as co-managers for the offering, which is expected to close on Monday, September 28, 2009 subject to customary closing conditions.
The Company intends to use the net proceeds from the offering to reduce debt by retiring up to 35 percent of its senior secured notes due 2017 and for general corporate purposes.
The shares will be issued pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. A prospectus supplement and accompanying base prospectus related to the offering have been filed with the Securities and Exchange Commission and are available at the SECs website, http://www.sec.gov. Copies of the prospectus supplement and accompanying base prospectus related to the offering may be obtained from Goldman, Sachs & Co. via telephone (866) 471-2526; facsimile: (212) 902-9316; email: email@example.com; or standard mail at Goldman, Sachs & Co., Prospectus Department, 85 Broad Street, New York, NY 10004.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.