Item 8.01. Other Events.
On May 19, 2021, International Paper Company (the "Company") entered into a
Consent and Waiver Agreement (the "Consent Agreement") with Graphic Packaging
Holding Company ("GPK"), GPI Holding I, Inc. ("GPI"), and Graphic Packaging
International Partners, LLC ("GPIP"). Pursuant to the terms of the Consent
Agreement and the Exchange Agreement, dated January 1, 2018, by and among the
Company, GPK, GPI Holding III, LLC and GPIP (the "Exchange Agreement") the
Company will exchange 22,773,072 common units ("Units") of GPIP, or all of the
remaining Units owned by the Company, for 22,773,072 shares of GPK common stock,
which the Company will sell upon receipt.
The exchange is expected to close on May 21, 2021. Following the transactions
described above, the Company will no longer own any Units.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit
No. Description
101 Cover Page Interactive Data File - the cover page XBRL tags are
embedded within the Inline XBRL document.
104 The cover page from this Current Report on Form 8-K, formatted as
Inline XBRL.
2
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