Exhibit 99.1
NOTICE OF FULL REDEMPTION
Boise Paper Holdings, L.L.C.
Boise Finance Company
9% Senior Notes due 2017 (the “Notes”)
CUSIP No. 09747FAC9
NOTICE IS HEREBY GIVEN TO THE
HOLDERS of the above-referenced Notes
Pursuant to paragraph 5 of the Notes and Section 3.01 of the Indenture, dated as of October 26, 2009 (the “Indenture”) between Boise Paper Holdings, L.L.C. and Boise Finance Company, as Issuers (the “Issuers”), and Wells Fargo Bank, National Association, as trustee and paying agent (the “Trustee”), relating to the above-referenced 9% Senior Notes due 2017 (the “Notes”), the Issuer has elected to redeem and will redeem on November 1, 2013 (the "Redemption Date") $300,000,000 aggregate principal amount of the outstanding Notes at a redemption price of 104.50% of the principal amount thereof (the “Redemption Price”), plus accrued and unpaid interest on the Notes redeemed to, but not including, the Redemption Date. Holders of the Notes will be paid the Redemption Price upon presentation and surrender of their Notes for redemption at the Trustee’s address indicated below. Notes called for redemption must be so surrendered in order to collect the Redemption Price. The Trustee’s address for delivery of the Notes is as follows:
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Registered & Certified Mail: | Regular Mail or Courier: | In Person by Hand Only: |
Wells Fargo Bank, N.A. | Wells Fargo Bank , N.A. | Wells Fargo Bank, N.A. |
Corporate Trust Operations | Corporate Trust Operations | Corporate Trust Operations |
MAC N9303-121 | MAC N9303-121 | Northstar East Building - 12th Floor |
P.O. Box 1517 | 6th St & Marquette Avenue | 608 Second Avenue South |
Minneapolis, MN 55480 | Minneapolis, MN 55479 | Minneapolis, MN 55402 |
On the Redemption Date, the Redemption Price will become due and payable on Notes called for redemption and, unless the Issuers default in making payment of the Redemption Price, interest on Notes called for redemption shall cease to accrue on and after the Redemption Date. If any Note is redeemed in part, upon surrender of the Note on the Redemption Date, a new Note equal in principal amount to the unredeemed portion will be issued. If any Note contains a CUSIP or CINS number, no representation is made as to the correctness of such numbers either as printed on the Notes or as contained in this Notice of Redemption and the holder should rely only on the other identification numbers printed on the Notes.
IMPORTANT TAX INFORMATION
Under current United States federal income tax law, backup withholding, at a rate of 28%, generally may apply to the payment of gross redemption proceeds, unless (i) in the case of a non-corporate holder that is a beneficial owner of Notes and that is a United States person (as determined for U.S. federal income tax purposes), the paying agent has received a properly completed IRS Form W-9 setting forth the holder’s taxpayer identification number, or (ii) the holder otherwise establishes an exemption. A holder that is a beneficial owner of Notes and that is not a United States person (as determined for U.S. federal income tax purposes) generally may establish an exemption from backup withholding by providing to the paying agent an IRS Form W-8BEN, upon which it certifies its foreign status.
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Direct inquiries to the Trustee by telephone at 1-800-344-5128 or by Fax at 612-667-6282.
Boise Paper Holdings, L.L.C.
Boise Finance Company
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By: | Wells Fargo Bank, National Association, as Trustee |
Dated: September 30, 2013