International Paper (IP) Prices $750M Senior Unsecured Note Offering

International Paper Company (NYSE: IP) 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.

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.