Buckeye redeems $140 million of senior notes early
MEMPHIS, TN, September 1, 2010- Buckeye Technologies Inc. today announced that it is calling for redemption prior to their maturity $140 million in aggregate principal amount of its outstanding 8.5% Senior Notes due 2013 (the "2013 Notes") at a redemption price of 101.417% of their principal amount in accordance with their terms. Buckeye will redeem these notes on October 1, 2010. Upon completion of this redemption, none of the 2013 Notes will remain outstanding. A formal notice of redemption is being sent separately to the affected holders of the 2013 Notes, in accordance with the terms of the indenture for these Notes.
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