Key Developments: International Paper Co (IP)

IP on New York Consolidated

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24 Apr 2015
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Latest Key Developments (Source: Significant Developments)

International Paper Co prices $1.6 bln of senior unsecured notes
Tuesday, 3 Jun 2014 05:40pm EDT 

International Paper Co:Prices $800 mln of 3.65 pct senior unsecured notes due 2024 and $800 mln of 4.80 pct senior unsecured notes due 2044.Says 2024 and 2044 notes were issued at a public offering price of 99.626 pct and 99.479 oct, respectively.Intends to use all or portion of to fund purchase price of up to $1 bln combined aggregate principal amount of International Paper's outstanding notes and for general corporate purposes.Deutsche Bank Securities Inc., RBS Securities Inc., BNP Paribas Securities Corp., BBVA Securities Inc., Credit Agricole Securities (USA) Inc., Mizuho Securities USA Inc. and SMBC Nikko Securities America, Inc. acted as joint book-running managers for offering.  Full Article

International Paper Co appoints Mark S. Sutton President
Monday, 2 Jun 2014 04:01pm EDT 

International Paper Co:Mark S. Sutton has been promoted to president and chief operating officer and elected member of company's board of directors effective immediately.  Full Article

International Paper declares dividend
Tuesday, 13 May 2014 04:01pm EDT 

International Paper:Declared a quarterly dividend of $0.35 per share.Payable on June 16, to holders of record on May 23.  Full Article

International Paper reaffirms FY 2014 EBITDA guidance - Conference Call
Wednesday, 30 Apr 2014 09:00am EDT 

International Paper Co:Reaffirms FY 2014 EBITDA of about 10 pct.Reported EBITDA of $4.159 bln in FY 2013.FY 2014 EBITDA of $4.499 bln - Thomson Reuters I/B/E/S.  Full Article

International Paper acquires remaining shares of Orsa IP Embalagens in Brazil
Tuesday, 8 Apr 2014 02:31pm EDT 

International Paper:Acquired the remaining 25 pct of shares of Orsa International Paper Embalagens S.A. from its joint venture partner, Brazilian pulp and packaging producer Jari Celulose, Embalagens e Papel S.A.Shares were purchased at the original transaction price per share for $135 million.With this transaction, International Paper takes full ownership of three containerboard mills and four box plants, which made up Jari's former corrugated packaging assets.  Full Article

International Paper Co gives FY 2014 EBITDA guidance below analysts' estimates; gives FY 2014 EPS guidance -Conference Call
Tuesday, 4 Feb 2014 09:00am EST 

International Paper Co:Expects increase in EBITDA results of roughly 10 pct for FY 2014 over 2013.Expects solid growth in EBITDA and free cash flow and EPS for FY 2014.The company reported EBITDA of $4.159 bln and EPS of $3.16 in FY 2013.FY 2014 EBITDA of $4.672 bln and EPS of $4.19 - Thomson Reuters I/B/E/S.  Full Article

International Paper Co agrees to merge xpedx distribution business with Unisource Worldwide, Inc
Tuesday, 28 Jan 2014 09:00am EST 

International Paper Co:Says the distribution solutions businesses xpedx and Unisource Worldwide, Inc. will merge under the terms of a definitive agreement that will result in the creation of a new publicly traded company.Says the agreements providing for the combination of the two businesses were signed by International Paper, and by UWW Holdings LLC, the holding company that owns Unisource and is owned by an affiliate of Bain Capital and by Georgia-Pacific, as well as certain of their affiliates.Says upon the expected completion of the merger in mid-2014, which the new company will have projected annual revenue in the range of $9 bln to $10 bln, and will have about 9,500 team members across more than 170 distribution centers in North America.Says.  Full Article

International Paper Co declares dividend
Tuesday, 14 Jan 2014 12:35pm EST 

International Paper Co:Says it has declared a quarterly dividend of $0.35 per share for the period from Jan. 1, 2014, to March 31, 2014, inclusive, on its common stock, par value $1.00.Says dividend is payable on March 17, 2014, to holders of record at the close of business on Feb. 17, 2014.  Full Article

International Paper Co Announces $1.5 Billion Share Repurchase Program
Tuesday, 10 Sep 2013 04:43pm EDT 

International Paper Co announced its board of directors has authorized a share repurchase program to acquire up to $1.5 billion of the Company's common stock. The Company intends to repurchase such shares over the next 2-3 years in open market repurchase transactions. Also, the company announced its board of directors is raising the Company's quarterly dividend by 17%.  Full Article

International Paper Co Announces Dividend
Tuesday, 10 Sep 2013 04:43pm EDT 

International Paper Co announced that its board of directors has declared its dividend which is being increased 17% from $0.30 to $0.35 per share for the period from October 1, 2013, to December 31, 2013, inclusive, on the Company's common stock, par value $1.00. This dividend is payable on December 16, 2013, to holders of record at the close of business on November 15, 2013.  Full Article

DIARY-U.S. MEETINGS/WEEK AHEAD

Thomson Reuters Feb 17, 2015 - Corporate Meetings for US companies for Week ahead. S&P 500 Earnings - MONTH AHEAD Dividends Non S&P 500 - Weekly Federal Reserve events ConferenceCall/Webcast - Weekly Meetings - Weekly Xtra users can see more details on conference calls & webcasts by hovering your mouse over the RIC, right click, now click on Related Co Data, now click on Co Events.

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