WILLAMETTE INDUSTRIES, INC.
First Interstate Tower
Portland, Oregon 97201
X. X. Xxxxxxx
Executive Vice President
August 13, 1999
AIRBORNE #4511518244
Bank of American National Trust
and Savings Association
Agency Management Services #0000
0000 Xxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxxxxxxx, XX 00000
Attn: Xx. Xxxx X. Xxx
Dear Xx. Xxx:
In accordance with Article 10.02 of our loan agreement, dated May 10, 1996,
Willamette Industries, Inc. hereby gives notice of its intent to permanently
reduce the revolving commitment by $200,000,000 in accordance with Article
2.07(b), effective August 23, 1999.
Accordingly, on that date, the total committed line will be as follows:
Revolving commitment before reduction $650,000,000
Reduction 200,000,000
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New revolving commitment amount $450,000,000
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Sincerely,
X. X. Xxxxxxx
JAP/dlw
bcc Xxxxx XxXxxxxxx
Xxxx Xxxxxx
Xxxxx Xxxxxxx
