Form 8-K

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report: June 24, 2003

(Date of earliest event reported)

 

 

POTLATCH CORPORATION

(Exact name of registrant as specified in its charter)

 

 

Delaware   1-5313   82-0156045

(State or Other Jurisdiction

of Incorporation)

  

(Commission

File Number)

  

(I.R.S. Employer

Identification Number)

 

 

601 W. Riverside Avenue, Suite 1100, Spokane WA,   99201
(Address of principal executive offices)   (Zip Code)

 

 

509-835-1500

(Registrant’s telephone number,

including area code)

 

Item 5.

 

Effective June 24, 2003, we cancelled our fixed-to-variable interest rate swap, which was used to hedge the fixed interest rate payable on $165 million of our $250 million principal amount 10% senior subordinated debentures due 2011. The amount received by us upon cancellation of the interest rate swap, which will be amortized over the remaining life of the debentures, will partially offset slightly higher interest costs resulting from the cancellation.

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: June 25, 2003

 

POTLATCH CORPORATION

 

By:

  

/S/    MALCOLM A. RYERSE     

    Malcolm A. Ryerse
    Corporate Secretary