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International Paper Company
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Memphis, Tennessee, USA, 04 May 2009 -- /PRNewswire/ -- International Paper Company (NYSE:IP) today announced that it has priced USD 1.0 billion of 9.375% senior unsecured notes due 2019. The public offering price of the notes is 97.634%. 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 primarily to repay debt.

Citigroup Global Markets Inc., UBS Securities LLC, Banc of America Securities LLC, BNP Paribas Securities Corp., J.P. Morgan Securities Inc. and RBS Securities 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 Citigroup Global Markets Inc., Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, or 877-858-5407 (toll free); or  UBS Securities LLC, Prospectus Specialist, 299 Park Avenue, New York, NY 10171, or (877) 827-6444, ext. 561 3884 (toll free).

International Paper (NYSE:IP) 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.
 
 

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