Weyerhaeuser Company to Redeem in Whole its 6.750% Notes Due March 15, 2012— Weyerhaeuser Company (NYSE:WY) on May 3, 2011 notified the registered holders of its 6.750% Notes due March 15, 2012 that it intends to redeem all of the outstanding Notes pursuant to the terms and conditions of its Indenture dated as of April 1, 1986. The outstanding balance of the Notes is $517,896,000. Calculation of the Redemption Price in accordance with the Indenture is scheduled for May 27, 2011, with the redemption and payment of the Redemption Price plus accrued and unpaid interest scheduled to occur on Thursday, June 2, 2011 (the Redemption Date).
Weyerhaeuser Company, one of the world's largest forest products companies, began operations in 1900. We grow and harvest trees, build homes and make a range of forest products essential to everyday lives. We manage our timberland on a sustainable basis in compliance with internationally recognized forestry standards. At the end of 2010, we employed approximately 14,000 employees in 10 countries. We have customers worldwide and generated $6.6 billion in sales in 2010. Our stock trades on the New York Stock exchange under the symbol WY. Additional information about us is available at http://www.weyerhaeuser.com.