Sylvamo and International Paper mutually terminate Georgetown supply agreement effective Dec 31, 2024

Sylvamo Corp

Mutual termination of the Georgetown Supply Agreement between Sylvamo NA and International Paper, no early termination penalties.
Sylvamo transitioning paper grades from Georgetown to its Ticonderoga, NY and Eastover, SC mills to continue serving customers.
International Paper plans to discontinue operations at the Georgetown, SC mill.
CEO says Sylvamo prepared since 2021 spinoff, will retain most profitable products, reduce economic downtime, and improve mix.
Transition details will be discussed on Sylvamo's Q3 earnings call scheduled for Nov 12, 2024.

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