Plum Creek has repaid $463 million of debt using the proceeds from its recent bond sale. The company has retired about $37 million of 7.97% notes and $176 million of 7.66% notes maturing at the end of 2011.

The company has completely paid its $250 million term credit agreement due in June 2012. The recent sale of 4.7% bonds worth $575 million and a renewed credit facility helped redeem the debt.

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