Sylvamo issues $450M 7.000% Senior Notes due 2029; spin-off from IP progresses

Sylvamo Corp

Issued $450M aggregate principal of 7.000% Senior Notes due 2029; proceeds for special payment to International Paper pre-spin.
Notes initially guaranteed by International Paper; guarantee terminates upon spin-off consummation.
Form 10 registration declared effective September 3, 2021; final information statement filed.
Entered into temporary occupancy, lease, corrugated supply, recyclable material, and fiber purchase agreements with IP.

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