WEYERHAEUSER CO
For the period ended Sep 30, 2025. Filed Oct 31, 2025.
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Sep 30, 2025 · Filed Oct 31, 2025
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PRINCETON LUMBER MILL DIVESTITURE
NOTE 16: PRINCETON LUMBER MILL DIVESTITURE
On September 2, 2025, we completed the sale of our Princeton lumber mill for approximately$85 million. The total purchase price is inclusive of mill assets, the associated timber licenses in British Columbia and the value of working capital as of the closing date. Pursuant to the transaction closing, a gain on the sale of$29 millionwas recognized within our Wood Products segment in "Other operating (income) costs, net" in our Consolidated Statement of Operations. The transfer of all associated timber licenses in British Columbia remains subject to regulatory approval as of third quarter 2025, which we expect will follow in the ensuing months. A portion of the total purchase price is held in escrow as of the date of the sale and will be released in conjunction with the transfer of the associated timber licenses. We recorded this portion within "Receivables, net" and "Other assets, net" on our Consolidated Balance Sheet.
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