International Paper guarantees DS Smith's €2.1B + £250M notes

INTERNATIONAL PAPER CO /NEW/

IP guarantees DS Smith's €600M 0.875% notes due 2026, €850M 4.375% notes due 2027, £250M 2.875% notes due 2029, €650M 4.5% notes due 2030.
Holders of each series passed extraordinary resolutions on March 10, 2025 approving amendments and guarantee.
Guarantee is unconditional, irrevocable, and ranks pari passu with IP's other unsecured unsubordinated obligations.
Full principal amount of each series remains outstanding; IP executed deeds of guarantee effective March 10, 2025.

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