International Paper's offer is for any and all of the outstanding bonds identified in the following table. The tender offer will expire at 5 p.m., Eastern Time, on May 19, 2009, unless extended. Holders of bonds subject to the tender offer must validly tender and not validly withdraw their bonds on or before this date in order to receive the applicable purchase price for bonds accepted for purchase pursuant to the offer. The applicable purchase price for each $1,000 in principal amount of bonds tendered and accepted for payment pursuant to the tender offer is set forth in the following table. In addition to the applicable purchase price, accrued and unpaid interest up to, but not including, the settlement date, will be paid in cash on all validly tendered bonds accepted for purchase in the tender offer. The settlement date for the tender offer will be the first business day following the expiration date and currently is expected to be May 20, 2009. Holders of bonds subject to the tender offer who validly tender their bonds on or before the expiration date may validly withdraw their tendered bonds at any time on or before the expiration date.
Citigroup Global Markets Inc. and UBS Securities LLC are the lead dealer managers of the tender offer, and Banc of America Securities LLC, BNP Paribas Securities Corp, J.P. Morgan Securities Inc. and RBS Securities Inc. are serving as co-dealer managers for the tender offer. Global Bondholder Services Corporation has been retained to serve as the depositary and information agent. Persons with questions regarding the tender offer should contact Citigroup Global Markets Inc. at (toll-free) (800) 558-3745 or (collect) (212) 723-6106 or UBS Securities LLC at (toll-free) (888) 719-4210 or (collect) (203) 719-4210. Requests for copies of the Offer to Purchase, related letter of transmittal and other related materials should be directed to Global Bondholder Services Corporation at (212) 430-3774 or (toll-free) (866) 470-3900.
None of International Paper, its board of directors, the information agent, the dealer managers or the trustees for the bonds, makes any recommendation as to whether holders of the bonds should tender or refrain from tendering bonds. This press release is neither an offer to purchase nor a solicitation of an offer to sell the bonds or any other securities. The offer is made only by the Offer to Purchase and the accompanying letter of transmittal.
WhatTheyThink is the global printing industry's go-to information source with both print and digital offerings, including WhatTheyThink.com, WhatTheyThink Email Newsletters, and the WhatTheyThink magazine. Our mission is to inform, educate, and inspire the industry. We provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today's printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.