The tender offer was funded with the proceeds of the investment-grade notes offering

Davis Polk advised the joint book-running managers in connection with an SEC-registered offering by Weyerhaeuser Company of $450 million aggregate principal amount of its 3.375% notes due 2033 and $450 million aggregate principal amount of its 4.000% notes due 2052.

Davis Polk also advised the lead dealer managers in connection with Weyerhaeuser Company’s concurrent cash tender offer to purchase $1.2 billion aggregate principal amount of its outstanding 8.500% debentures due 2025, 7.950% debentures due 2025, 7.850% debentures due 2026, 7.125% debentures due 2023, 7.375% debentures due 2032, 7.350% debentures due 2026, 6.950% debentures due 2027, 6.875% debentures due 2033, 4.000% notes due 2030 and 4.000% notes due 2029. The concurrent cash tender offer was funded with the proceeds from the notes offering.

Weyerhaeuser Company is a real estate investment trust and one of the world’s largest private owners of timberland by acreage. It is also one of North America’s largest manufacturers of wood products and primarily supplies the residential, multi-family, industrial, light commercial and repair and remodel markets.

The Davis Polk corporate team included partner Alan F. Denenberg and associates Ali DeGolia and Rong (Fiona) Huang. The tax team included partner Mario J. Verdolini and associate Justin Corvino. Counsel David A. Zilberberg provided environmental advice. Members of the Davis Polk team are based in the Northern California and New York offices.

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