2014

International Paper Prices $1.6 Billion of Senior Unsecured Notes

MEMPHIS, Tenn., June 3, 2014 /PRNewswire/ -- International Paper Company (NYSE: IP) today announced that it has priced $800 million of 3.65% senior unsecured notes due 2024 and $800 million of 4.80% senior unsecured notes due 2044.  The 2024 and 2044 notes were issued at a public offering price of 99.626% and 99.479%, respectively. The offering was made pursuant to an effective shelf registration statement.

International Paper intends to use all or a portion of the net proceeds from the sale of the notes to fund the purchase price of up to $1 billion combined aggregate principal amount (subject to increase) of International Paper's outstanding 7.95% notes due 2018 and 9.375% notes due 2019 tendered and accepted by International Paper in a tender offer commenced today.  International Paper intends to use any net proceeds remaining from the sale of the notes, including if the tender offer is not consummated, for general corporate purposes, including the repayment of indebtedness.  Deutsche Bank Securities Inc., RBS Securities Inc., BNP Paribas Securities Corp., BBVA Securities Inc., Credit Agricole Securities (USA) Inc., Mizuho Securities USA Inc. and SMBC Nikko Securities America, Inc. acted as joint book-running managers for the offering. Copies of the prospectus supplement and accompanying prospectus, when available, may be obtained by contacting Deutsche Bank Securities Inc., Attn: Prospectus Group at 60 Wall Street, New York, New York 10005-2836, by emailing prospectus.CPDG@db.com or by calling (800) 503-4611 or RBS Securities Inc., Attn: Syndicate at 600 Washington Boulevard, Stamford, Connecticut 06901 or by calling (866) 884-2071). This release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About International Paper
International Paper (NYSE: IP) is a global leader in packaging and paper with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include industrial and consumer packaging and uncoated papers, complemented by xpedx, the company's North American distribution company. Headquartered in Memphis, Tenn., the company employs approximately 70,000 people and is strategically located in more than 24 countries serving customers worldwide. International Paper net sales for 2013 were $29 billion.  For more information about International Paper, its products and stewardship efforts, visit internationalpaper.com.                           

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SOURCE International Paper



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