secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL PAPER CO /NEW/ (IP)
CIK:        0000051434
Form:       8-K
Filed at:   2023-01-24T23:59:59+00:00
Accession:  0001193125-23-014225
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51434/000119312523014225/0001193125-23-014225-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51434/000119312523014225/d450068d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-014225

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