MEMPHIS, Tenn., May 4 /PRNewswire-FirstCall/ -- International Paper Company (NYSE: IP) today announced that it has priced $1.0 billion of 9.375% senior unsecured notes due 2019. The public offering price of the notes is 97.634%. The offering was made pursuant to an effective shelf registration statement.

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International Paper intends to use the net proceeds from the sale of the notes primarily to repay debt.

Citigroup Global Markets Inc., UBS Securities LLC, Banc of America Securities LLC, BNP Paribas Securities Corp., J.P. Morgan Securities Inc. and RBS Securities Inc. acted as joint book-running managers for the offering. Copies of the prospectus supplement and accompanying prospectus, when available, may be obtained by contacting Citigroup Global Markets Inc., Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, or 877-858-5407 (toll free); or UBS Securities LLC, Prospectus Specialist, 299 Park Avenue, New York, NY 10171, or (877) 827-6444, ext. 561 3884 (toll free).

This release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About International Paper

International Paper (NYSE: IP) is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include uncoated papers and industrial and consumer packaging, complemented by xpedx, the company's North American distribution company.

SOURCE International Paper Company

CONTACT: Media:
Kathleen Bark , +1-901-419-4333

Investors:
Thomas A. Cleves, +1-901-419-7566
Emily Nix , +1-901-419-4987

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