-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, P3f1kxQD8Uv2TlnZRj5CxKTxsAsHrghPkneZ09ty/r8mn+5CBcKAgZSpo0bWotY8 cwqpApuc+16Df8T1qRXM6w== 0000731939-07-000042.txt : 20071213 0000731939-07-000042.hdr.sgml : 20071213 20071213160135 ACCESSION NUMBER: 0000731939-07-000042 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20071213 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071213 DATE AS OF CHANGE: 20071213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TEMPLE INLAND INC CENTRAL INDEX KEY: 0000731939 STANDARD INDUSTRIAL CLASSIFICATION: PAPERBOARD MILLS [2631] IRS NUMBER: 751903917 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08634 FILM NUMBER: 071304666 BUSINESS ADDRESS: STREET 1: 1300 MOPAC EXPRESSWAY SOUTH CITY: AUSTIN STATE: TX ZIP: 78746 BUSINESS PHONE: 5124345800 MAIL ADDRESS: STREET 1: 1300 MOPAC EXPRESSWAY SOUTH CITY: AUSTIN STATE: TX ZIP: 78746 8-K 1 tin8ktendersettle20071213.htm DEBT TENDER OFFER SETTLEMENT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

_________________

 

Date of Report: December 13, 2007

(Date of earliest event reported)

 

TEMPLE-INLAND INC.

(Exact Name of Registrant as Specified in its Charter)

 

Delaware

001-08634

75-1903917

(State or Other Jurisdiction
of Incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)

 

 

1300 MoPac Expressway South, Austin, Texas 78746

(Address of Principal Executive Offices, including Zip code)

 

(512) 434-5800

(Registrant's telephone number, including area code)

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

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:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. 13e-4(c))

 


 

Item 8.01.     Other Events.

 

On December 13, 2007, the Company announced the completion of its previously announced cash tender offer for up to $500 million aggregate principal amount of its 6.750% Medium Term Notes (Series F) due 2009 (the "2009 Notes") and 7.875% Senior Notes due 2012 (the "2012 Notes" and, together with the 2009 Notes, the "Notes"). The tender offer expired at 12:00 midnight, New York City time, on December 12, 2007, and the purchase was settled on December 13, 2007. Pursuant to the terms of the Offer to Purchase, dated November 14, 2007, and the accompanying Letter of Transmittal, the Company purchased all of the $286,089,000 aggregate principal amount of the 2009 Notes validly tendered and $213,911,000 aggregate principal amount of the 2012 Notes, which was a pro rated portion of the 2012 Notes validly tendered in the tender offer, for a total of $500 million aggregate principal amount of Notes purchased in the tender offer. As a result of the tender offer, $13,911,000 aggregate principal amount of the 2009 Notes and $286,089,000 aggregate principal amount of the 2012 Notes remain outstanding.

 

A copy of the press release announcing the completion of the tender offer is attached hereto as Exhibit 99.1.

 

Item 9.01.

Financial Statements and Exhibits.

 

(d)

Exhibits.

 

 

99.1

Press Release issued by the Company on December 13, 2007, announcing the completion of the notes tender offer.

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

TEMPLE-INLAND INC.

 

 

Date: December 13, 2007

By:

/s/ Randall D. Levy

 

 

Name: Randall D. Levy

 

 

Title:   Chief Financial Officer

 

2

 


 

EXHIBIT INDEX

 

 

Exhibit

Description

Page

 

 

 

99.1

Press Release issued by the Company on December 13, 2007, announcing the completion of the notes tender offer.

4

 

 

 

 

 

3

 

 

EX-99 2 tinpr20071213.htm DEBT TENDER OFFER SETTLEMENT ANNOUNCEMENT


 

NEWS

RELEASE______________________________________

 

FOR IMMEDIATE RELEASE

CONTACT:

Chris Mathis

 

512-434-3766

 

 

TEMPLE-INLAND ANNOUNCES COMPLETION

OF ITS NOTES TENDER OFFER

 

AUSTIN, Texas, December 13, 2007 – Temple-Inland Inc. (NYSE: TIN) today announced the completion of its previously announced tender offer for up to $500 million aggregate principal amount of its 6.750% Medium Term Notes (Series F) due 2009 (the "2009 Notes") and 7.875% Senior Notes due 2012 (the "2012 Notes" and, together with the 2009 Notes, the "Notes"). The tender offer commenced November 14, 2007 and expired at 12:00 midnight, New York City time, on December 12, 2007, under the terms of the Offer to Purchase, dated November 14, 2007, and the accompanying Letter of Transmittal.

Temple-Inland purchased a total of $500 million aggregate principal amount of Notes in the tender offer. The table below identifies the aggregate principal amount of each series of Notes validly tendered and purchased in the tender offer under the terms of the Offer to Purchase.

Title of Security

CUSIP No.

Acceptance
Priority
Level

Aggregate Principal Amount Outstanding Prior to Settlement of Tender Offer

Aggregate Principal Amount Tendered

Aggregate Principal Amount Purchased

6.750% Medium Term Notes (Series F) due 2009

87987HBF2

1

$300,000,000

$286,089,000

$286,089,000

7.875% Senior Notes due 2012

 

879868AH0

2

$500,000,000

$497,920,000

$213,911,000

 

Because the tender offer was oversubscribed, the amounts of each series of Notes purchased in the tender offer were determined in accordance with the priorities identified in the "Acceptance Priority Level" column in the table above and subject to the maximum $500 million aggregate principal amount for the tender offer. In accordance with the terms of the Offer to Purchase, Temple-Inland purchased all of the 2009 Notes validly tendered and not validly withdrawn and purchased $213,911,000 aggregate principal amount of the 2012 Notes, which represents a proration factor of approximately 43 percent. The applicable consideration for the Notes purchased, as calculated by the Dealer Managers and announced on November 29, 2007, plus accrued and unpaid interest, was paid today to the Depositary for distribution to holders. Notes that have been tendered but not accepted for purchase will be promptly returned to the

 

4

 

 


 

tendering holders. As a result of the tender offer, $13,911,000 aggregate principal amount of the 2009 Notes and $286,089,000 aggregate principal amount of the 2012 Notes remain outstanding.

Temple-Inland's obligations to accept any Notes tendered and to pay the applicable consideration for them are set forth solely in the Offer to Purchase and the accompanying Letter of Transmittal. This news release is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The tender offer has been made only by, and pursuant to the terms of, the Offer to Purchase and the accompanying Letter of Transmittal, and the information in this news release is qualified by reference to such documents.

Citi and Goldman, Sachs & Co. are the Dealer Managers of the tender offer. Persons with questions regarding the tender offer should contact Citi at (212) 723-6106 or (toll-free) (800) 558-3745 (Attention: Liability Management Group) and Goldman, Sachs & Co. at (212) 902-9077 or (toll-free) (877) 686-5059 (Attention: Credit Liability Management Group). Questions regarding tenders of Notes or requests for copies of the Offer to Purchase, Letter of Transmittal or related materials should be directed to Global Bondholder Services Corporation, the Information Agent and Depositary for the tender offer, at (212) 430-3774 (for banks and brokers only) or (866) 387-1500 (for all others and toll-free).

About Temple-Inland Inc.

Temple-Inland Inc. is a holding company that, through its subsidiaries, operates four business segments: corrugated packaging, forest products, real estate, and financial services. The company is in the process of effecting a transformation plan that involves retaining its manufacturing operations – corrugated packaging and building products; spinning off its financial services segment to its stockholders; spinning off its real estate segment to its stockholders; and selling its strategic timberland, which the company completed on October 31, 2007. The company expects to complete the transformation plan by year-end 2007. Temple-Inland's common stock (TIN) is traded on the New York Stock Exchange. For more information about the company, visit the company's website at www.templeinland.com.

 

5

 

 

 

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