Potlatch Board Approves Debt Offering To Redeem Sinking Fund Debentures

Business Wire, Dec 7, 1995

SAN FRANCISCO--(BUSINESS WIRE)--Dec. 7, 1995--Potlatch Corporation's (NYSE: PCH) board of directors today authorized the issuance and sale of $100 million of debt securities. Proceeds will be used to redeem, on or after April 15, 1996, $100 million of outstanding 9-5/8 percent sinking fund debentures, due April 15, 2016.

Goldman, Sachs & Co. and Salomon Brothers Inc. will act as underwriters for the offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but is not yet effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state.

Potlatch is a diversified forest products company with timberlands in Arkansas, Idaho and Minnesota.

A copy of the prospectus may be obtained from Potlatch Corporation or from the underwriters: Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004 or Salomon Brothers Inc., 7 World Trade Center, New York, NY 10048.

CONTACT: Potlatch Corp.

Diane Olberg, 415/576-8826