secwatch.observer — SEC 8-K summary
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Issuer:     Sylvamo Corp (SLVM)
CIK:        0001856485
Form:       8-K
Filed at:   2022-10-06T23:59:59+00:00
Accession:  0001193125-22-258873
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sylvamo completes $420M sale of Russian operations to Pulp Invest; nets ~$390M
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- Sold Russian paper mill in Svetogorsk and harvesting rights on 860,000 forestland acres for $420M.
- Net proceeds of ~$390M after FX and fees; will use $325M to repay Term Loan B debt.
- Transaction closed Oct 6, 2022; buyer is management buyout vehicle Pulp Invest.
- Pro forma 2021 net sales reduced by $674M to $2,828M; net income from cont. ops reduced to $232M.
- Sale follows May 2022 decision to exit Russia; CEO cites principle-based rationale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856485/000119312522258873/0001193125-22-258873-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856485/000119312522258873/d288685d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-258873

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