---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-067585"
form_type: "8-K"
ticker: "SLVM"
cik: "0001856485"
company_name: "Sylvamo Corp"
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T05:51:19.220624+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sylvamo completes tender for 79.9% of 7% notes due 2029; adds $300M term loan

## Summary
- $359.5M principal of 7.000% Senior Notes due 2029 tendered (79.9% of outstanding) at $1,000/$1,000 par plus $30 early tender premium.
- Total cost of tendered notes is $360.1M, financed via new $300M term loan A facility and revolver borrowings.
- Second supplemental indenture eliminates substantially all restrictive covenants and certain defaults on the remaining notes.
- Credit agreement amended to permit the repurchase and add $300M term loan A (SOFR+1.75%, 5-year maturity, quarterly 1.25% amortization).
- Remaining notes may be tendered until March 21, 2023 at $970/$1,000 principal plus accrued interest.

## SEC filing metadata
- accession: 0001193125-23-067585
- form_type: 8-K
- ticker: SLVM
- cik: 0001856485
- company_name: Sylvamo Corp
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856485/000119312523067585/0001193125-23-067585-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856485/000119312523067585/d481610d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-067585
- JSON: https://secwatch.observer/filing/0001193125-23-067585.json
- Plain text: https://secwatch.observer/filing/0001193125-23-067585.txt

## Key facts
- Debt Financings
  Sylvamo Corp incurred term loan of $300.0 million with Bank of America, N.A. at Term SOFR plus 1.75% per annum maturing the fifth anniversary of the Amendment No. 2 effective date.
  - Instrument: term loan
  - Principal: $300.0 million
  - Counterparty: Bank of America, N.A.
  - Rate: Term SOFR plus 1.75% per annum
  - Maturity: the fifth anniversary of the Amendment No. 2 effective date
  - Event: incurrence
  source text: Amendment No. 2 provides for a $300.0 million incremental term loan “A” facility (the “Term Loan A Facility”) to be borrowed under the Credit Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856485/000119312523067585/0001193125-23-067585-index.htm
- Material Agreements
  Sylvamo Corp amended Credit Extension Amendment and Amendment No. 2 with Cobank, ACB valued at $300.0 million (effective 2023-03-09).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Cobank, ACB
  - Value: $300.0 million
  - Effective: 2023-03-09
  source text: On March 9, 2023, the Company entered into that certain Credit Extension Amendment and Amendment No. 2 (“Amendment No. 2”), by and among the Company, the guarantors party thereto, the lenders party thereto, Cobank, ACB, as the TLF Lead Arranger and the Administrative Agent (as defined below), which amends that certain Credit Agreement, dated as of September 13, 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856485/000119312523067585/0001193125-23-067585-index.htm
- Material Agreements
  Sylvamo Corp amended Second Supplemental Indenture with The Bank of New York Mellon Trust Company, N.A. (effective 2023-03-10).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: The Bank of New York Mellon Trust Company, N.A.
  - Effective: 2023-03-10
  source text: On March 10, 2023, Sylvamo Corporation (the “Company”) entered into a second supplemental indenture (the “Second Supplemental Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A. (the “Trustee”), to the indenture, dated as of September 3, 2021, as supplemented and amended to date (the “Indenture”), relating to the Company’s 7.000% Senior Notes due 2029
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856485/000119312523067585/0001193125-23-067585-index.htm

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