March 10, 2010 (FinancialWire) — Boise Inc. (NYSE: BZ), a manufacturer of packaging products and papers, said hat its wholly owned subsidiaries, Boise Paper Holdings, L.L.C. and Boise Co-Issuer Co., have priced an offering of $300 million of senior notes due 2020.

The notes will have an interest rate of 8% per annum and will be issued at a price equal to 98.311% of their face value. They are being offered in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended.

Boise plans to use the net proceeds from this offering to retire a portion of the existing term loan indebtedness under Boise Paper Holdings’ senior secured credit facilities and pay related fees and expenses.

The offering is scheduled to close on or about March 19, 2010, subject to customary closing conditions.

Idaho-based Boise was formed following the Aldabra 2 acquisition Corp.’s purchase of the paper and packaging assets of Boise Cascade, L.L.C., in February 2008.

The company makes packaging products and papers including corrugated containers, containerboard, label and release and flexible packaging papers, imaging papers for the office and home, printing and converting papers, newsprint, and market pulp.

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