International Paper Prices $1.0 Billion of Senior Unsecured Notes

International Paper Company (NYSE: IP) today announced that it has priced $1.0 billion of 4.350% senior unsecured notes due 2048.  The notes were issued at a public offering price of 99.898%. The offering was made pursuant to an effective shelf registration statement.

International Paper intends to use the net proceeds from this offering, together with available cash and other borrowings, to make a voluntary cash contribution to its pension plan in the aggregate amount of $1.25 billion by September 15, 2017.

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