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International Paper
International Paper Prices $3 Billion of Senior Unsecured Notes
June 15th, 2008
International Paper Company (NYSE:IP) announced that it has priced $1 billion of 7.40% senior unsecured notes due 2014, $1.7 billion of 7.95% senior unsecured notes due 2018, and $300 million of 8.70% senior unsecured notes due 2038. 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, together with other debt financing and available cash on hand, to finance its proposed acquisition of the containerboard, packaging and recycling business of Weyerhaeuser Company which is expected to close in the third quarter of 2008, subject to customary closing conditions. ...
Source: Pharma Investments, Ventures & Law Weekly (2008-06-15)
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