INTERNATIONAL PAPER CO /NEW/ (IP): restructuring charge — IP to sell Global Cellulose Fibers for $1.5B; expects $700-900M impairment; closes three Georgia plants

INTERNATIONAL PAPER CO /NEW/

Sale of GCF to American Industrial Partners for $1.5B (including $190M preferred) expected to close by end-2025.
Non-cash impairment charge of $700M-$900M to be recorded in Q3 2025; GCF classified as held for sale.
$250M investment to convert Riverdale mill #16 machine to containerboard by Q3 2026.
Permanent closure of Savannah mill, Savannah box plant, and Riceboro mill by end of September 2025.
Net reduction of containerboard capacity by ~1M tons; approximately 1,100 positions impacted.

item 1.01 item 2.05 item 2.06 item 5.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

INTERNATIONAL PAPER CO /NEW/ announced a impairment with charges of between approximately $700 million and $900 million affecting Global Cellulose Fibers (GCF) business.

Type: impairment
Charge: between approximately $700 million and $900 million
Affected area: Global Cellulose Fibers (GCF) business

Exact text from the filing

In connection with the Transaction, on August 20, 2025, the Company determined that it expects to incur a non-cash impairment charge between approximately $700 million and $900 million, as a result of the sale price compared to the estimate of the current net asset value of the GCF business.

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3 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

INTERNATIONAL PAPER CO /NEW/ filing history →

Source: SEC EDGAR

accession 0000051434-25-000059

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