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Potlatch Corporation
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Spokane, Washington, USA, 26 October 2009 -- (BUSINESS WIRE) -- Potlatch Corporation (NYSE:PCH) today announced a proposed offering of USD 150 million principal amount of senior notes due 2019.

A portion of the net proceeds of the offering will be used to repay approximately USD 73.0 million outstanding under the company’s senior secured credit facility and the remaining net proceeds will be used for general corporate purposes.

As the offering is a private placement, the notes will be offered and sold only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933 and to certain non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. The notes to be offered have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Potlatch is a Real Estate Investment Trust (REIT) with approximately 1.6 million acres of timberland in Arkansas, Idaho, Minnesota, and Wisconsin. Potlatch, a verified forest practices leader, is committed to providing superior returns to stockholders through long-term stewardship of its forest resources. The company also conducts a land sales and development business and operates wood products manufacturing facilities through its taxable REIT subsidiary.



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