Sylvamo amends Riverdale supply deal with IP; supply ends May 2026; Brazil Payment reduced to $85M

Sylvamo Corp

IP converting PM16 to containerboard; Sylvamo supply ends May 30, 2026 after wind-down.
Pricing increases with volume thresholds through Apr 2026 to incentivize production during wind-down.
Sylvamo can purchase sheeting assets from Riverdale for $1; must remove by Aug 31, 2026.
Brazil Payment reduced from $100M to $85M via $3M annual cuts from 2026-2030; plus variable reduction based on supply payments.

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