---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-014225"
form_type: "8-K"
ticker: "IP"
cik: "0000051434"
company_name: "INTERNATIONAL PAPER CO /NEW/"
filed_at: "2023-01-24T23:59:59+00:00"
generated_at: "2026-06-20T11:09:18.784044+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# International Paper enters $600M term loan with CoBank, maturing 2028

## Summary
- Entered $600M term loan agreement with CoBank, fully drawn at closing, matures Jan 24, 2028.
- Interest rate based on ABR or Term SOFR plus Applicable Rate, ranging from 150-192.5 bps (SOFR) and 50-92.5 bps (ABR).
- Covenants and events of default are substantially similar to existing revolving credit agreement.
- Proceeds drawn at closing; no specific use disclosed beyond general corporate purposes.

## SEC filing metadata
- accession: 0001193125-23-014225
- form_type: 8-K
- ticker: IP
- cik: 0000051434
- company_name: INTERNATIONAL PAPER CO /NEW/
- filed_at: 2023-01-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/51434/000119312523014225/0001193125-23-014225-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51434/000119312523014225/d450068d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-014225
- JSON: https://secwatch.observer/filing/0001193125-23-014225.json
- Plain text: https://secwatch.observer/filing/0001193125-23-014225.txt

## Key facts
- Debt Financings
  INTERNATIONAL PAPER CO /NEW/ incurred term loan of $600 million with CoBank, ACB maturing January 24, 2028.
  - Instrument: term loan
  - Principal: $600 million
  - Counterparty: CoBank, ACB
  - Maturity: January 24, 2028
  - Event: incurrence
  source text: On January 24, 2023, International Paper Company (the “Company”) entered into a Term Loan Agreement (the “Credit Agreement”) with CoBank, ACB, as administrative agent and as lender. The Credit Agreement provides for a $600 million term loan that was fully drawn at closing, and has a maturity date of January 24, 2028.
  evidence_url: https://www.sec.gov/Archives/edgar/data/51434/000119312523014225/0001193125-23-014225-index.htm
- Material Agreements
  INTERNATIONAL PAPER CO /NEW/ entered into Term Loan Agreement with CoBank, ACB valued at $600 million term loan (effective 2023-01-24).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: CoBank, ACB
  - Value: $600 million term loan
  - Effective: 2023-01-24
  source text: On January 24, 2023, International Paper Company (the “Company”) entered into a Term Loan Agreement (the “Credit Agreement”) with CoBank, ACB, as administrative agent and as lender.
  evidence_url: https://www.sec.gov/Archives/edgar/data/51434/000119312523014225/0001193125-23-014225-index.htm

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