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International Paper Prices $750 Million of Senior Unsecured Notes

Posted on: Mon, 30 Nov 2009 17:24:00 EST

Symbols: IP

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MEMPHIS, Tenn., Nov 30, 2009 /PRNewswire-FirstCall via COMTEX/ --
IP | Quote | Chart | News | PowerRating -- International Paper Company (NYSE: IP | Quote | Chart | News | PowerRating) today announced that it has priced $750 million of 7.30% senior unsecured notes due 2039. The public offering price of the notes is 99.741%. The offering was made pursuant to an effective shelf registration statement.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020701/IPLOGO )

International Paper intends to use the net proceeds from the sale of the notes to repay certain indebtedness and for general corporate purposes.

Banc of America Securities LLC, Deutsche Bank Securities Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., J.P. Morgan Securities Inc., RBS Securities Inc., UBS Securities LLC and Wells Fargo Securities, LLC acted as joint book-running managers for the offering. Copies of the prospectus supplement and accompanying prospectus, when available, may be obtained by contacting Banc of America Securities LLC, 100 West 33rd Street, 3rd Floor, New York, NY 10001, Attention: Prospectus Department, or by calling 1-800-294-1322; or Deutsche Bank Securities Inc., Attention: Prospectus Department, 100 Plaza One, Jersey City, NJ 07311, or by calling 1-800-503-4611.

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 | Quote | Chart | News | PowerRating) is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include uncoated papers and industrial and consumer packaging, complemented by xpedx, the company's North American distribution company.

SOURCE International Paper

http://www.internationalpaper.com

For full details on Internat Paper Co (IP) IP. Internat Paper Co (IP) has Short Term PowerRatings at TradingMarkets. Details on Internat Paper Co (IP) Short Term PowerRatings is available at This Link.

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