EX-99.3
6
a06-14741_1ex99d3.htm
EX-99.3
Exhibit 99.3
For
Immediate Release
NEWS
Contact:
Stephanie Meiners (investors) 314-746-1211
Tom Lange (media) 314-746-1236
www.smurfit-stone.com
SMURFIT-STONE COMPLETES TENDER OFFER
Chicago,
June 30, 2006 -
Smurfit-Stone Container Corporation (Nasdaq: SSCC) announced
today that its wholly owned subsidiary, Smurfit-Stone Container Enterprises, Inc.,
has completed its tender offer for all of its outstanding 9¼% senior notes due
2008 and a portion of its outstanding 9¾% senior notes due 2011. The tender
offer expired June 29, 2006 at midnight. Senior notes with principal
amounts totaling approximately $400 million have been purchased.
Approximately $298 million of the
outstanding 9¼% notes have been tendered and will be purchased by Smurfit-Stone.
Holders of the 9¼% notes that tendered by the early tender date will receive a total
consideration of $1,057.73 per $1,000 principal amount tendered. Holders that
tendered after the early tender date but prior to expiration will receive
$1,027.73 per $1,000 principal amount tendered.
Approximately $725 million of the
outstanding 9¾% senior notes were tendered. Pursuant to the terms of the tender
offer, Smurfit-Stone will purchase approximately $102 million of the 9¾% notes
on a pro-rata basis. Holders of the 9¾% notes that tendered by the early tender
date will receive a total consideration of $1,050.75 per $1,000 principal
amount tendered. Holders that tendered after the early tender date but prior to
expiration will receive $1,020.75 per $1,000 principal amount tendered.
# # #
Smurfit-Stone Container Corporation (Nasdaq: SSCC) is
the industry's premier integrated paperboard and paper-based packaging
manufacturer. Smurfit-Stone is a leading producer of containerboard, including
white top linerboard and recycled medium, kraft paper, corrugated containers,
point-of-purchase displays, and solid bleached sulfate. The company is one of
the world's largest collectors and marketers of recovered fiber. Smurfit-Stone
operates approximately 200 facilities located primarily in the U.S., Canada and
Mexico, and employs approximately 27,000 people.

EX - 99 . 3 6 a06 - 14741 _ 1ex99d3 . htm EX - 99 . 3 Exhibit 99 . 3 For Immediate Release NEWS Contact : Stephanie Meiners ( investors ) 314 - 746 - 1211 Tom Lange ( media ) 314 - 746 - 1236 www.smurfit-stone.com SMURFIT - STONE COMPLETES TENDER OFFER Chicago , June 30 , 2006 - Smurfit - Stone Container Corporation ( Nasdaq : SSCC ) announced today that its wholly owned subsidiary , Smurfit - Stone Container Enterprises , Inc . , has completed its tender offer for all of its outstanding 9 ¼ % senior notes due 2008 and a portion of its outstanding 9 ¾ % senior notes due 2011 . The tender offer expired June 29 , 2006 at midnight . Senior notes with principal amounts totaling approximately $ 400 million have been purchased . Approximately $ 298 million of the outstanding 9 ¼ % notes have been tendered and will be purchased by Smurfit - Stone . Holders of the 9 ¼ % notes that tendered by the early tender date will receive a total consideration of $ 1,057.73 per $ 1,000 principal amount tendered . Holders that tendered after the early tender date but prior to expiration will receive $ 1,027.73 per $ 1,000 principal amount tendered . Approximately $ 725 million of the outstanding 9 ¾ % senior notes were tendered . Pursuant to the terms of the tender offer , Smurfit - Stone will purchase approximately $ 102 million of the 9 ¾ % notes on a pro - rata basis . Holders of the 9 ¾ % notes that tendered by the early tender date will receive a total consideration of $ 1,050.75 per $ 1,000 principal amount tendered . Holders that tendered after the early tender date but prior to expiration will receive $ 1,020.75 per $ 1,000 principal amount tendered . # # # Smurfit - Stone Container Corporation ( Nasdaq : SSCC ) is the industry 's premier integrated paperboard and paper - based packaging manufacturer . Smurfit - Stone is a leading producer of containerboard , including white top linerboard and recycled medium , kraft paper , corrugated containers , point - of - purchase displays , and solid bleached sulfate . The company is one of the world 's largest collectors and marketers of recovered fiber . Smurfit - Stone operates approximately 200 facilities located primarily in the U . S . , Canada and Mexico , and employs approximately 27,000 people .