secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL PAPER CO /NEW/ (IP)
CIK:        0000051434
Form:       8-K
Filed at:   2025-08-21T23:59:59+00:00
Accession:  0000051434-25-000059
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.05, 2.06, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IP to sell Global Cellulose Fibers for $1.5B; expects $700-900M impairment; closes three Georgia plants
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51434/000005143425000059/0000051434-25-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51434/000005143425000059/ip-20250820.htm
  HTML page:      https://secwatch.observer/filing/0000051434-25-000059

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer