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BOWATER FILES REGISTRATION STATEMENT FOR $400 MILLION DEBT SECURITIES

BOWATER FILES REGISTRATION STATEMENT FOR $400 MILLION DEBT SECURITIES
 DARIEN, Conn., Dec. 5 /PRNewswire/ -- Bowater Incorporated (NYSE: BOW) today filed with Securities and Exchange Commission a registration statement for $400 million consisting of $200 million 10-year notes (notes) and $200 million 30-year debentures (debentures.)
 Proceeds from the sale of the notes and debentures will be used in connection with Bowater's previously announced intention to purchase Great Northern Paper, Inc., a company established to hold most of the property in Maine acquired by Georgia-Pacific Corporation from Great Northern Nekoosa in 1990. Although the company fully expects to complete the acquisition, the notes and debentures will be offered regardless of whether or not the acquisition is consummated.
 The notes and debentures will be offered through The First Boston Corporation.
 Bowater Incorporated, with headquarters in Darien, Conn., is a major manufacturer of newsprint, coated groundwood publication papers, bleached kraft market pulps and converter of communications papers for computers and other business applications.
 -0- 12/5/91
 /CONTACT: Arthur H. King, 203-656-7200, or at home, 203-655-4807; or John P. Fucigna, vice president-treasurer, 203-656-7251, or at home, 516-294-6551, both of Bowater/
 (BOW) CO: Bowater Incorporated ST: Connecticut IN: PAP SU: OFR


JT -- NY097 -- 9876 12/05/91 17:25 EST
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Publication:PR Newswire
Date:Dec 5, 1991
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