Business News

International Paper Announces Debt Tender Offers

Tuesday 04. August 2009 - International Paper (NYSE: IP) has commenced cash tender offers to purchase a portion of its outstanding bonds as described below.

The terms and conditions of the tender offers are described in International Paper’s offer to purchase dated Aug. 3, 2009 (the “Offer to Purchase”) and related Letter of Transmittal. International Paper expects to purchase the bonds utilizing the net cash proceeds from its previously announced offering of unsecured senior debt securities as well as other available cash resources.