International Paper Enters Material Definitive Agreement

Ticker: INPAP · Form: 8-K · Filed: Apr 16, 2024 · CIK: 51434

International Paper Co /New/ 8-K Filing Summary
FieldDetail
CompanyInternational Paper Co /New/ (INPAP)
Form Type8-K
Filed DateApr 16, 2024
Risk Levelmedium
Pages10
Reading Time12 min
Key Dollar Amounts$1, $1.00, $40.85, $9.9 billion, $220,527,460
Sentimentneutral

Sentiment: neutral

Topics: material-agreement, contract

Related Tickers: IP

TL;DR

IP signed a big new deal on April 16th, details TBD.

AI Summary

On April 16, 2024, International Paper Company (IP) entered into a material definitive agreement. The filing does not disclose the specific details of this agreement, only that it is a significant contract for the company.

Why It Matters

This filing indicates a significant new contract or partnership for International Paper, which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — The lack of specific details about the material definitive agreement introduces uncertainty regarding its potential impact on International Paper.

Key Players & Entities

  • International Paper Company (company) — Registrant
  • April 16, 2024 (date) — Date of earliest event reported
  • IP (company) — Trading Symbol

FAQ

What is the nature of the material definitive agreement entered into by International Paper?

The filing does not specify the nature of the material definitive agreement, only that one was entered into on April 16, 2024.

When did International Paper enter into this material definitive agreement?

The earliest event reported, which is the entry into the material definitive agreement, occurred on April 16, 2024.

What is the trading symbol for International Paper Company?

The trading symbol for International Paper Company is IP.

On which stock exchange is International Paper's Common Stock registered?

International Paper's Common Stock is registered on the New York Stock Exchange.

Does this 8-K filing provide any financial figures related to the new agreement?

No, this 8-K filing, specifically Item 1.01, only states the entry into a material definitive agreement and does not provide any financial figures or specific details about it.

Filing Stats: 2,907 words · 12 min read · ~10 pages · Grade level 13.8 · Accepted 2024-04-16 12:14:07

Key Financial Figures

  • $1 — nge on which registered Common Stock, $1 per share par value IP New York Sto
  • $1.00 — common stock of the Company, par value $1.00 per share (" Company Common Stock "). T
  • $40.85 — on the Company's closing share price of $40.85 and /US$ exchange rate of 1.2645 on Mar
  • $9.9 billion — ting an enterprise value of DS Smith of $9.9 billion. Company stockholders and DS Smith shar
  • $220,527,460 — ll be required to pay DS Smith: (1) (a) $220,527,460, if the Company has changed its recomme
  • $147,018,306 — place prior to the Long Stop Date; (2) $147,018,306, if any Clearances have not been obtain
  • $73,509,153 — r waived) by the Long Stop Date; or (3) $73,509,153, if the stockholders of the Company do

Filing Documents

Financial Statements and Exhibits

Financial Statements and Exhibits. Exhibit No. Description 2.1 Rule 2.7 Announcement dated April 16, 2024 2.2 Co-operation Agreement, dated April 16, 2024, between the Company and DS Smith 99.1 Press Release, dated April 16, 2024, announcing Rule 2.7 Announcement 99.2 Investor Presentation dated April 16, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). Cautionary Statement Regarding Forward-Looking Statements This Current Report on Form 8-K (the " Current Report "), and the documents incorporated by reference into this Current Report, contain "forward-looking" statements concerning future events and financial performance. All statements other than statements of historical fact or relating to present facts or current conditions are forward-looking statements, including any statements regarding guidance and statements of a general economic or industry-specific nature. Forward-looking statements give the Company's current expectations and projections with respect to the financial condition, results of operations, business and certain plans and objectives of the Company. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. These statements are based on assumptions and assessments made by the Company in light of their experience and their perception of historical trends, current conditions, future developments and other factors they believe appropriate, and therefore are subject to risks and uncertainties which could cause actual results to differ materially from those expressed or implied by those forward-looking statements. Forward-looking statements often use forward-looking or conditional words such as "anticipate", "target", "expect", "forecast", "estimate", "intend", "plan", "goal", "believe", "hope", "aim", "will", "continue", "may", "can", "would", "could" or "should" or other words of similar meaning or the negative thereof.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INTERNATIONAL PAPER COMPANY Dated: April 16, 2024 By: /s/ Joseph R. Saab Name: Joseph R. Saab Title: Senior Vice President, General Counsel and Corporate Secretary

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