OREANDA-NEWS. International Paper Company announced today the U.S. Treasury reference security yield to maturity for its previously announced cash tender offer (the "Tender Offer") for up to USD 750 million combined aggregate principal amount, which the Company has increased by USD 250 million to up to USD 1.0 billion combined aggregate principal amount (the "Tender Cap") of its outstanding 7.500% Notes due 2021 (the "7.500% Notes"), 7.950% Notes due 2018 (the "7.950% Notes"), 9.375% Notes due 2019 (the "9.375% Notes") and 4.750% Notes due 2022 (the "4.750% Notes") and the outstanding 6.625% Notes due 2018 of Temple-Inland, Inc., a wholly-owned subsidiary of the company, which notes are guaranteed by the company (the "6.625% Notes" and, together with the 7.500% Notes, the 7.950% Notes, the 9.375% Notes and the 4.750% Notes, the "Notes").

International Paper also announced today the extension of the previously announced deadline to receive the applicable total consideration (the "Early Tender Deadline") from 5:00 p.m., New York City time, on May 28, 2015 to 11:59 p.m., New York City time, on June 11, 2015, unless further extended (the "Expiration Time").  Holders of Notes that are validly tendered and not validly withdrawn at or before the Expiration Time and accepted for purchase will receive the applicable total consideration for such Notes described in the table below.

The previously announced expiration of withdrawal rights for the Tender Offer of 5:00 p.m., New York City time, on May 28, 2015, will not be extended; therefore, previously tendered Notes may not be withdrawn after such time and any Notes tendered after such time will not have withdrawal rights.