International Paper Announces Voluntary Pension Contribution

MEMPHIS, Tenn., July 31, 2017 /PRNewswire/ -- International Paper (NYSE: IP) today announced it is making a $1.25 billion voluntary contribution to its U.S. tax-qualified defined benefit pension plan by September 15, 2017, and taking additional steps in the second half of 2017 to reduce risk related to the plan.

Senior Vice President and Chief Financial Officer Glenn Landau will host an investor webcast today beginning at 4:30 p.m. ET (3:30 p.m. CT) to discuss these pension-related actions in the context of the company's capital allocation framework.  All interested parties are invited to listen to the webcast via the company's Internet site at http://www.internationalpaper.com by clicking on the Performance/Investors tab and going to the Presentations and Events/Webcasts page. A replay of the webcast will also be on the web site beginning tomorrow at 7 a.m. ET. Parties who wish to participate in the webcast via teleconference may dial +1 (706) 679-8242 or, within the U.S. only, (877) 316-2541, and ask to be connected to the International Paper webcast. The conference ID number is 61103600. Participants should call in no later than 4:15 p.m. ET (3:15 p.m. CT). An audio-only replay will be available for ninety days beginning tomorrow at 7 a.m. ET. To access the replay, dial +1 (404) 537-3406 or, within the U.S. only, (855) 859-2056 or (800) 585-8367, and when prompted for the conference ID, enter 61103600.

ABOUT INTERNATIONAL PAPER
International Paper (NYSE: IP) is a leading global producer of renewable fiber-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa and Russia. We produce packaging products that protect and promote goods, and enable world-wide commerce; pulp for diapers, tissue and other personal hygiene products that promote health and Wellness; papers that facilitate education and communication; and paper bags, cups and food containers that provide convenience and portability. We are headquartered in Memphis, Tenn., and employ approximately 55,000 colleagues located in more than 24 countries. Net sales for 2016 were $21 billion. For more information about International Paper, our products and global citizenship efforts, please visit internationalpaper.com.

SOURCE International Paper

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