---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-162517"
form_type: "8-K"
ticker: "IP"
cik: "0000051434"
company_name: "INTERNATIONAL PAPER CO /NEW/"
filed_at: "2023-06-07T23:59:59+00:00"
generated_at: "2026-06-14T06:10:49.959698+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# International Paper amends $1.5B credit facility to $1.4B, extends maturity to 2028, transitions to SOFR

## Summary
- Facility reduced from $1.5B to $1.4B; maturity extended from June 2026 to June 2028.
- LIBOR replaced with SOFR-based rates (Adjusted Daily Simple SOFR or Adjusted Term SOFR Rate).
- Borrowings bear interest at ABR or Adjusted Term SOFR plus Applicable Rate based on credit ratings.
- Customary affirmative and negative covenants and events of default, similar to prior agreement.
- JPMorgan Chase remains administrative agent; Citibank as syndication agent.

## SEC filing metadata
- accession: 0001193125-23-162517
- form_type: 8-K
- ticker: IP
- cik: 0000051434
- company_name: INTERNATIONAL PAPER CO /NEW/
- filed_at: 2023-06-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/51434/000119312523162517/0001193125-23-162517-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51434/000119312523162517/d473878d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-162517
- JSON: https://secwatch.observer/filing/0001193125-23-162517.json
- Plain text: https://secwatch.observer/filing/0001193125-23-162517.txt

## Key facts
- Material Agreements
  INTERNATIONAL PAPER CO /NEW/ amended Revolving Credit Agreement with a syndicate of banks and other financial institutions and JPMorgan Chase Bank, N.A., as administrative agent valued at $1.4 billion (effective 2023-06-07).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: a syndicate of banks and other financial institutions and JPMorgan Chase Bank, N.A., as administrative agent
  - Value: $1.4 billion
  - Effective: 2023-06-07
  source text: On June 7, 2023, International Paper Company (the "Company") amended and restated its $1.5 billion Second Amended and Restated 5-Year Credit Agreement (as amended and restated, the "Revolving Credit Agreement"), dated as of June 17, 2021, with a syndicate of banks and other financial institutions and JPMorgan Chase Bank, N.A., as administrative agent (the "Administrative Agent") to, among other things, (i) extend the maturity date from June 17, 2026 to June 7, 2028, (ii) reduce the size of the facility from $1.5 billion to $1.4 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/51434/000119312523162517/0001193125-23-162517-index.htm

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