Louisiana-Pacific Corp. (LPX) on Wednesday said it has priced a public offering of 18 million shares of its common stock at an offering price of $6.75 per share.
The company has granted the underwriters a 30-day option to purchase up to 2.7 million extra shares. The public offering is expected to close on September 28, 2009. Louisiana-Pacific plans to use the net proceeds from the offering to reduce debt by retiring up to 35% of its senior secured notes due 2017 and for general corporate purposes.
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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.