Canfor Pulp Income Fund Completes Cross-Border Private Placement

On November 30, 2006, Canfor Pulp Limited Partnership (CPLP), the operating subsidiary of Canfor Pulp Income Trust, completed two debt financings, one by private placement of US$110 million of unsecured notes to institutional investors in the US, and the other a $75 million unsecured revolving credit facility with a syndicate of Canadian banks led by Bank of America.

CPLP was represented on both transactions by Doug Buchanan, Yukiko Kojima, Kate Bake-Paterson and Sarah Ciarrocchi from the Vancouver office of Davis & Company LLP. US counsel to CPLP on the private placement note issue was Steven Khadavi of Dorsey & Whitney LLP.

US counsel to the note purchasers was David Kitchen and Nicole Kolhoff of O'Melveny & Myers LLP and Canadian counsel was Herb Dodd of Farris, Vaughan, Wills & Murphy LLP.

Counsel to Bank of America on the revolving credit facility was Borden Ladner Gervais LLP, led by Joanne Poljanowski of the Toronto office and Don Bird, Martha Martindale and Magnus Verbrugge of the Vancouver office.

Computershare Trust Company of Canada was advised internally by Nicole Clement and Luce Lafontaine.


Kate N. Bake-Paterson Douglas B. Buchanan Yukiko Kojima Donald G. Bird Herbert D. Dodd Magnus C. Verbrugge Martha Martindale


DLA Piper (Canada) LLP O'Melveny & Myers LLP Dorsey & Whitney LLP FARRIS Borden Ladner Gervais LLP (BLG)