EXHIBIT 99.2
NOTICE OF GUARANTEED DELIVERY FOR
BEAR ISLAND PAPER COMPANY, L.L.C.
&
BEAR ISLAND FINANCE COMPANY II
This form or one substantially equivalent hereto must be used to accept
the Exchange Offer of Bear Island Paper Company, L.L.C. (the "Company") and
Bear Island Finance Company II ("FinCo" and, together with the Company, the
"Issuers") made pursuant to the Prospectus, dated , 1998 (the
"Prospectus"), if certificates for the outstanding 10% Senior Secured Notes
due 2007 of the Issuers (the "Old Notes") are not immediately available or if
the procedure for book-entry transfer cannot be completed on a timely basis
or time will not permit all required documents to reach First Trust of New
York, National Association, as exchange agent (the "Exchange Agent") prior to
5:00 p.m., New York City time, on the Expiration Date of the Exchange Offer.
Such form may be delivered or transmitted by facsimile transmission, mail or
hand delivery to the Exchange Agent as set forth below. Capitalized terms not
defined herein are defined in the Prospectus.
Delivery To: First Trust of New York, National Association, Exchange Agent
By Hand: By Mail:
First Trust of New York, National Association First Trust Naitonal Association
Corporate Trust Operations P.O. Box 64485
100 Wall Street, Suite 2000 St. Paul, Minnesota 55164-9549
New York, New York 10005
By Overnight Express: By Facsimile:
First Trust National Association (612) 244-1537
Attn: Specialized Finance Attn: Specialized Finance
100 East Fifth Street Telephone: (800) 934-6802
St. Paul, Minnesota 55101
DELIVERY OF THIS INSTRUMENT TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE,
OR TRANSMISSION OF THIS INSTRUMENT VIA FACSIMILE OTHER THAN AS SET FORTH
ABOVE, WILL NOT CONSTITUTE A VALID DELIVERY.
Ladies and Gentlemen:
Upon the terms and conditions set forth in the Prospectus, the undersigned
hereby tenders to the Issuers the principal amount of Old Notes set forth
below pursuant to the guaranteed delivery procedure described in "The
Exchange Offer--Guaranteed Delivery Procedures" section of the Prospectus.
Principal Amount of Old Notes
Tendered:*
$ ____________________
Certificate Nos. (if available):
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Total Principal Amount Represented by
Old Notes Certificate(s):
$
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If Old Notes will be
delivered by book-entry
transfer to The
Depository Trust Company,
provide account number.
Account Number:
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*Must be in denominations of principal amount of $1,000 and any integral
multiple thereof.
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ALL AUTHORITY HEREIN CONFERRED OR AGREED TO BE CONFERRED SHALL SURVIVE THE
DEATH OR INCAPACITY OF THE UNDERSIGNED AND EVERY OBLIGATION OF THE
UNDERSIGNED HEREUNDER SHALL BE BINDING UPON THE HEIRS, PERSONAL
REPRESENTATIVES, SUCCESSORS AND ASSIGNS OF THE UNDERSIGNED.
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PLEASE SIGN HERE
X
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X
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Signature(s) of Owner(s) Date
or Authorized Signatory
Area Code and Telephone Number:
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Must be signed by the holder(s) of Old Notes as their name(s) appear(s) on
certificates for Old Notes or on a security position listing, or by person(s)
authorized to become registered holder(s) by endorsement and documents
transmitted with this Notice of Guaranteed Delivery. If signature is by a
trustee, executor, administrator, guardian, attorney-in-fact, officer or
other person acting in a fiduciary or representative capacity, such person
must set forth his or her full title below.
PLEASE PRINT NAME(S) AND ADDRESS(ES)
Name(s):
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Capacity:
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Address(es):
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GUARANTEE
(Not to be used for signature guarantee)
The undersigned, a financial institution (including most banks, savings
and loan associations and brokerage houses) that is a participant in the
Securities Transfer Agents Medallion Program, the New York Stock Exchange
Medallion Signature Program or the Stock Exchanges Medallion Program, hereby
guarantees that the certificates representing the principal amount of Old
Notes tendered hereby in proper form for transfer, or timely confirmation of
the book-entry transfer of such Old Notes into the Exchange Agent's account
at The Depository Trust Company pursuant to the procedures set forth in "The
Exchange Offer--Guaranteed Delivery Procedures" section of the Prospectus,
together with one or more properly completed and duly executed Letters of
Transmittal (or facsimile thereof or Agent's Message in lieu thereof) and any
required signature guarantee and any other documents required by the Letter
of Transmittal, will be received by the Exchange Agent at the address set
forth above, no later than three New York Stock Exchange trading days after
the Expiration Date.
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Name of Firm
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Address
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Zip Code
Area Code and Tel. No.:
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Authorized Signature
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Title
Name:
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(Please Type or Print)
Dated:
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NOTE: DO NOT SEND CERTIFICATES FOR OLD NOTES WITH THIS FORM. CERTIFICATES FOR
OLD NOTES SHOULD BE SENT ONLY WITH A COPY OF YOUR PREVIOUSLY EXECUTED
LETTER OF TRANSMITTAL.
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