{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-21-273473","form_type":"8-K","ticker":"SLVM","cik":"0001856485","company_name":"Sylvamo Corp","filed_at":"2021-09-15T23:59:59+00:00","discovered_at":"2026-05-14T18:04:20.171026+00:00","generated_at":"2026-06-29T03:39:31.642431+00:00","sec_items":["1.01","5.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Sylvamo enters $1.42B debt facilities; names new directors ahead of spin-off","bullets":["$1.42B in facilities: $450M revolver, $450M Term B, $520M Term F; funds spin-off Special Payment, renewable investments, working capital.","Term B at LIBOR+4.5% (floor 0.5%); Term F and revolver at LIBOR+1.9% and 1.75% respectively (floor 0%).","Maturities: Term B 2028, Term F 2027, revolver 2026; prepayments subject to excess cash flow and asset sale provisions.","Four directors resign effective on spin-off (Oct 1); eight new directors appointed post-spin-off, including Jeanmarie Desmond as Audit Chair.","Financial covenants: min interest coverage 3.00x, max leverage 4.25x stepping down; restricted payments capped due to Brazil Tax Dispute."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-21-273473","json":"https://secwatch.observer/filing/0001193125-21-273473.json","markdown":"https://secwatch.observer/filing/0001193125-21-273473.md","text":"https://secwatch.observer/filing/0001193125-21-273473.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/d210202d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T03:39:31.642431+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"26e7c673f6","claim":"Jeanmarie Desmond was appointed as Director at Sylvamo Corp.","evidence_excerpt":"On September 13, 2021, Jeanmarie Desmond was appointed as a director of the Company and as the Chair of the Audit Committee of the Board effective as of September 14, 2021.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"4912b5b997","claim":"Joia M. Johnson was appointed as Director at Sylvamo Corp.","evidence_excerpt":"On September 13, 2021, effective immediately following the completion of the Spin-Off, each of Stan Askren, Christine S. Breves, Lizanne Gottung, Joia M. Johnson, David Petratis, J. Paul Rollinson and James P. Zallie was appointed as a director of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"63be13a6b2","claim":"John V. Sims resigned as Director at Sylvamo Corp.","evidence_excerpt":"On September 14, 2021, the Company received letters of resignation from each of Timothy S. Nicholls, Thomas Plath, Sharon R. Ryan and John V. Sims (each, a “ Resigning Director ”) as directors, each such resignation to be effective as of, and contingent upon, the completion of the Spin-Off which is expected to occur on October 1, 2021.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"6d4a5d049f","claim":"David Petratis was appointed as Director at Sylvamo Corp.","evidence_excerpt":"On September 13, 2021, effective immediately following the completion of the Spin-Off, each of Stan Askren, Christine S. Breves, Lizanne Gottung, Joia M. Johnson, David Petratis, J. Paul Rollinson and James P. Zallie was appointed as a director of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"87c76acd36","claim":"Sharon R. Ryan resigned as Director at Sylvamo Corp.","evidence_excerpt":"On September 14, 2021, the Company received letters of resignation from each of Timothy S. Nicholls, Thomas Plath, Sharon R. Ryan and John V. Sims (each, a “ Resigning Director ”) as directors, each such resignation to be effective as of, and contingent upon, the completion of the Spin-Off which is expected to occur on October 1, 2021.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"92ac5d1f8b","claim":"James P. Zallie was appointed as Director at Sylvamo Corp.","evidence_excerpt":"On September 13, 2021, effective immediately following the completion of the Spin-Off, each of Stan Askren, Christine S. Breves, Lizanne Gottung, Joia M. Johnson, David Petratis, J. Paul Rollinson and James P. Zallie was appointed as a director of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"9a34972182","claim":"Timothy S. Nicholls resigned as Director at Sylvamo Corp.","evidence_excerpt":"On September 14, 2021, the Company received letters of resignation from each of Timothy S. Nicholls, Thomas Plath, Sharon R. Ryan and John V. Sims (each, a “ Resigning Director ”) as directors, each such resignation to be effective as of, and contingent upon, the completion of the Spin-Off which is expected to occur on October 1, 2021.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"acc4ad977c","claim":"Thomas Plath resigned as Director at Sylvamo Corp.","evidence_excerpt":"On September 14, 2021, the Company received letters of resignation from each of Timothy S. Nicholls, Thomas Plath, Sharon R. Ryan and John V. Sims (each, a “ Resigning Director ”) as directors, each such resignation to be effective as of, and contingent upon, the completion of the Spin-Off which is expected to occur on October 1, 2021.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"aeca9968c4","claim":"J. Paul Rollinson was appointed as Director at Sylvamo Corp.","evidence_excerpt":"On September 13, 2021, effective immediately following the completion of the Spin-Off, each of Stan Askren, Christine S. Breves, Lizanne Gottung, Joia M. Johnson, David Petratis, J. Paul Rollinson and James P. Zallie was appointed as a director of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"c4a69492a1","claim":"Christine S. Breves was appointed as Director at Sylvamo Corp.","evidence_excerpt":"On September 13, 2021, effective immediately following the completion of the Spin-Off, each of Stan Askren, Christine S. Breves, Lizanne Gottung, Joia M. Johnson, David Petratis, J. Paul Rollinson and James P. Zallie was appointed as a director of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"c4c31adf27","claim":"Lizanne Gottung was appointed as Director at Sylvamo Corp.","evidence_excerpt":"On September 13, 2021, effective immediately following the completion of the Spin-Off, each of Stan Askren, Christine S. Breves, Lizanne Gottung, Joia M. Johnson, David Petratis, J. Paul Rollinson and James P. Zallie was appointed as a director of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"ff09a59bc1","claim":"Stan Askren was appointed as Director at Sylvamo Corp.","evidence_excerpt":"On September 13, 2021, effective immediately following the completion of the Spin-Off, each of Stan Askren, Christine S. Breves, Lizanne Gottung, Joia M. Johnson, David Petratis, J. Paul Rollinson and James P. 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