International Paper Announces Offering Of $1 Billion Notes

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International Paper Announces Offering Of $1 Billion Notes

Monday, March 17, 2003

Press release from the issuing company

STAMFORD, Conn., March 14 -- International Paper Company announced that it has commenced a private placement with institutional investors to raise proceeds of approximately $1 billion from the issuance of $700 million 12-year notes due 2015 and $300 million 5-year notes due 2008. Subject to the successful completion of this offering, the company will use the proceeds of the offering for general corporate purposes. The securities have not been registered under the Securities Act of 1933 and may not be offered or sold in United States absent registration or an applicable exemption from registration requirements.

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