Weyerhaeuser shrinks its debt

Weyerhaeuser is in the news this week for taking steps to actively shrink its debt.

Weyerhaeuser recently offered to repurchase all of its outstanding 6.750% notes that are due on March 15, 2010. Now that the offer to repurchase has expired, Weyerhaeuser has announced it will be purchasing $548.0 million principal amount of notes and $517.9 million of the principal amount will remain outstanding.

Read more analysis of Weyerhaeuser's balance sheet:

Weyerhaeuser’s Debt Shrinks (Zacks)