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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 1, 2005
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BEAR ISLAND PAPER COMPANY, L.L.C.
(Exact name of registrant as specified in its charter)
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Virginia 333-42201 06-0980835
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
10026 Old Ridge Road, Ashland, VA 23005
(Address of principal executive offices)
Registrant's telephone number, including area code: (804) 227-3394
Not Applicable
(Former name or former address, if changed since last report)
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 7.01. Regulation FD Disclosure.
Brant-Allen Industries, Inc. ("Brant-Allen"), the parent company of Bear Island
Paper Company, L.L.C. (the "Company"), is contemplating a restructuring that
would bring the Company and two other paper mills affiliated with Brant-Allen
under the common control of Brant-Allen. The Company expects that any such
restructuring, if consummated, would result in the early extinguishment of the
Company's outstanding $100 million aggregate principal amount of 10% Senior
Secured Notes due 2007 (the "Notes") through a redemption, tender offer or
otherwise. Pursuant to the indenture under which the Notes were issued, the
Notes are currently redeemable, at the Company's option, at 101.667% of their
principal amount plus accrued and unpaid interest, if any, to the date of
redemption.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: March 1, 2005
BEAR ISLAND PAPER COMPANY, L.L.C.
(Registrant)
By: /s/ Peter M. Brant
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Name: Peter M. Brant
Title: Chairman of the Board of Directors
and Chief Executive Officer