Item 1.01 Entry into a Material Definitive Agreement.
On October 1, 2021, International Paper Company ("International Paper")
completed the previously announced spin-off (the "Spin-Off") of its printing
papers business into a new, publicly-traded company, Sylvamo Corporation
("Sylvamo"), listed on the New York Stock Exchange. In connection with the
Spin-Off, International Paper entered into the Separation and Distribution
Agreement, dated as of September 29, 2021, with Sylvamo (the "Agreement"). The
terms and conditions of the Agreement are the same as the terms and conditions
thereof as previously reported under "The Distribution-Relationships Between
Sylvamo and International Paper Following the Distribution-Separation and
Distribution Agreement" in Sylvamo's registration statement on Form 10, as
amended (File No. 001-40718) (the "Registration Statement"), which description
is incorporated by reference herein. The foregoing summary of the Agreement does
not purport to be a complete description of all of their terms and conditions
and is subject to, and qualified in its entirety by, the full text of the
Agreement, a copy of which is filed as Exhibit 2.1 to this report and is
incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
2.1 Separation and Distribution Agreement, dated as of September 29,
2021, between International Paper Company and Sylvamo Corporation
104 Cover Page to this Current Report on Form 8-K in Inline XBRL
2
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