Roseburg Forest Products is marketing a $295 million securitization called Oxbow Resources Timberland Notes 2011-1.

The two-tranche transaction is backed by more than 283,000 acres of timberlands in Oregon and California and 41 million board feet of timber deeds, according to a Standard & Poor's presale report. It will receive the cash flow based on the harvesting and sale of timber from the lands.

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