PLUM CREEK TIMBERLANDS, L.P. 5.875% Notes due 2015 Fully and Unconditionally Guaranteed by PLUM CREEK TIMBER COMPANY, INC. a Delaware corporation PURCHASE AGREEMENT Dated: April 25, 2006Purchase Agreement • May 2nd, 2006 • Plum Creek Timber Co Inc • Real estate investment trusts • New York
The Debt Securities will be fully and unconditionally guaranteed as to payment of the principal of, and premium, if any, and interest on, the Debt Securities (the “Guarantee” and, together with the Debt Securities, the “Securities”) by the Company. The Securities will be issued pursuant to an Indenture, dated as of November 14, 2005, among the Operating Partnership, the Company and U.S. Bank National Association, as trustee (the “Trustee”), as supplemented by officer’s certificates, dated November 14, 2005 and May 2, 2006 (such Indenture as amended or supplemented is herein referred to as the “Indenture”), and the Debt Securities will constitute part of the same series of debt securities for purposes of the Indenture as the $300,000,000 5.875% Notes due 2015 issued by the Operating Partnership on November 14, 2005.
