secwatch.observer — SEC 8-K summary
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Issuer:     Sylvamo Corp (SLVM)
CIK:        0001856485
Form:       8-K
Filed at:   2022-10-03T23:59:59+00:00
Accession:  0001193125-22-256791
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sylvamo establishes $120M accounts receivable securitization facility
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- Sylvamo North America sells trade receivables to bankruptcy-remote SPV Sylvamo Receivables LLC.
- Maximum borrowings of $120M, secured by receivables; interest based on BSBY or base rate with 0% floor.
- Proceeds used for general corporate purposes; facility terminates September 30, 2025, with renewal option.
- Sylvamo Corp provides performance guaranty but does not guarantee payment of debt or credit risk.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856485/000119312522256791/0001193125-22-256791-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856485/000119312522256791/d354491d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-256791

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