Louisiana-Pacific Corp. (LP) said it will publicly offer 18 million shares of common stock.

The manufacturer of OSB and engineered wood products will use net proceeds from the offering to reduce debt by retiring 35% of its senior secured notes due 2017 and for general corporate purposes.

Last month the company reported a loss from continuing operations in the second quarter fell to $27.3 million from $79.4 million in the year-earlier period, despite a 31% drop in sales to $266.2 million. LP also reported that its OSB unit incurred an operating loss of $18.5 million, 46% better than the year before, on a 43% fall in net sales to $97.7 million during the quarter.