Domtar Completes Offering

On November 18, 2003, Domtar Inc. closed a public offering of US$350 million principal amount of 5.375 per cent notes due on December 1, 2013. The offering was made in the US under the multijurisdictional disclosure system and was completed further to a prospectus supplement to its November 7 short form base shelf prospectus. The net proceeds of the offering were used to repay a portion of outstanding indebtedness under Domtar’s bank term loan. The debt securities were offered through an underwriting syndicate led by JP Morgan Securities Inc.

Domtar was represented in-house by Gilles Pharand, senior vice-president, corporate, and general counsel; and Razvan Theodoru, corporate secretary; and assisted in Canada by Ogilvy Renault, with a team that included Norman Steinberg, Clemens Mayr, Stephen Kelly and Elliot Greenstone (corporate and securities) and Jules Charette (tax); and in the US by Debevoise & Plimpton LLP in New York, with a team that included Alan Paley, Claude Vuillieme and Lee Barnum (corporate and securities) and Gary Friedman (tax).

The underwriters were represented in Canada by Osler, Hoskin & Harcourt LLP, with a team that included Robert Yalden and Doug Bryce; and in the US by Shearman & Sterling LLP, with a team that included Christopher Cummings, David Wilson and Brent Westrop.