Log In | Become a Member | Contact Us

Market Intelligence for Printing and Publishing

Connect on Twitter | Facebook | LinkedIn

Featured: Special Report: Printing Outlook 2019     Production Inkjet     Installations and Placements Tracker

International Paper Announces Offering of $1 Billion Notes

Thursday, December 11, 2003

Press release from the issuing company

STAMFORD, Conn., Dec. 10 -- International Paper announced that it has commenced an offering of an aggregate of $1 billion senior notes. The company will use a portion of the proceeds from the offering for the redemption of all of the outstanding International Paper Capital Trust III 7.875% Capital Securities due Dec. 1, 2038, at a redemption price equal to 100 percent of the principal amount thereof plus interest accrued thereon to the date of redemption. In addition, the company expects to use the proceeds of the note issuance to repay or redeem certain other indebtedness. The company expects to close the offering on Dec. 15, 2003.




Email Icon Email

Print Icon Print

Become a Member

Join the thousands of printing executives who are already part of the WhatTheyThink Community.

Copyright © 2019 WhatTheyThink. All Rights Reserved