5.68%GE 20.54 4.78%QQQQ 34.06 5.86%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
MEMPHIS, Tenn. - International Paper Co., a paper and packaging company, set an offering of senior notes at $3 billion on Thursday.
It plans to use the proceeds for its buyout of Weyerhaeuser Co.'s containerboard, packaging and recycling business.
The company priced $1 billion of 7.4 percent senior unsecured notes due 2014, $1.7 billion of 7.95 percent senior unsecured notes due 2018, and $300 million of 8.7 percent senior unsecured notes due 2038.
International Paper said it would use the proceeds to help fund the $6 billion cash buyout of the Weyerhaeuser unit, which was announced in March. The buyout is also being funded with debt financing and available cash on hand.
Banc of America Securities LLC, Deutsche Bank Securities Inc., Greenwich Capital Markets Inc., J.P. Morgan Securities Inc., and UBS Securities LLC acted as joint book-running managers for the offering.
Former "American Idol" contestant Lakisha Jones tied the knot with Larry Davis on Sunday at the Beverly Wilshire Hotel in Beverly Hills...
Vice presidential debate surveys after Thursday's debate overall show Gov. Sarah Palin lost the debate with Sen. Joe Biden. But why a loss a...
Republicans John McCain and Sarah Palin on Friday played up her debate performan...
|
Professional Website Design For Corporate - Get a Free Quote Today
Partners  
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
-1.34
