International Paper acquisition of $2.2 billion of assets from Weyerhaeuser

Overview:

• International Paper has acquired $2.2 billion worth of assets from Weyerhaeuser
• The assets comprise five pulp mills and two facilities for converting pulp for consumer products.
• Weyerhaeuser intends to use the money to pay back existing loans.
• Debevoise & Plimpton (Jeffrey Rosen and Michael Diz) advised the acquirer.
• Cravath Swaine & Moore (Richard Hall, Erik Tavzel) advised the seller.

Kurt Stumpo - Journalist - North America and the Caribbean