---
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"
generated_at: "2026-06-29T03:39:31.642431+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sylvamo enters $1.42B debt facilities; names new directors ahead of spin-off

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-273473
- JSON: https://secwatch.observer/filing/0001193125-21-273473.json
- Plain text: https://secwatch.observer/filing/0001193125-21-273473.txt

## Key facts
- Executive change
  Jeanmarie Desmond was appointed as Director at Sylvamo Corp.
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm
- Executive change
  Joia M. Johnson was appointed as Director at Sylvamo Corp.
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm
- Executive change
  John V. Sims resigned as Director at Sylvamo Corp.
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm
- Executive change
  David Petratis was appointed as Director at Sylvamo Corp.
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm
- Executive change
  Sharon R. Ryan resigned as Director at Sylvamo Corp.
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm
- Executive change
  James P. Zallie was appointed as Director at Sylvamo Corp.
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm
- Executive change
  Timothy S. Nicholls resigned as Director at Sylvamo Corp.
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm
- Executive change
  Thomas Plath resigned as Director at Sylvamo Corp.
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm
- Executive change
  J. Paul Rollinson was appointed as Director at Sylvamo Corp.
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm
- Executive change
  Christine S. Breves was appointed as Director at Sylvamo Corp.
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm
- Executive change
  Lizanne Gottung was appointed as Director at Sylvamo Corp.
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm
- Executive change
  Stan Askren was appointed as Director at Sylvamo Corp.
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1856485/000119312521273473/0001193125-21-273473-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.