Louisiana-Pacific Corp. (LPX) Monday said it plans to publicly offer 18 million shares of its common stock. In addition, LP intends to grant the underwriter a 30-day option to purchase up to 2.70 million additional shares. The Company intends 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.
Louisiana-Pacific Corp., is a manufacturer of quality engineered wood building materials.
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