Item 1.01 Entry into a Material Definitive Agreement.
On
Borrowings under the Credit Agreement generally will either bear interest at (i) a rate per annum equal to the Alternate Base Rate (as defined in the Credit Agreement) plus the Applicable Rate (as defined in the Credit Agreement) or (ii) at a rate per annum equal to the Adjusted Term SOFR Rate (as defined in the Credit Agreement) plus the Applicable Rate.
The Credit Agreement contains customary affirmative and negative covenants, as well as customary events of default, substantially similar to those included in the Company's existing revolving credit agreement.
The foregoing description of the Credit Agreement does not purport to be complete, and is qualified in its entirety by reference to the full text of the Credit Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant
The information set forth above under Item 1.01 is hereby incorporated by reference into this Item 2.03.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. Description 10.1 Term Loan Agreement, dated as ofJanuary 24, 2023 , betweenInternational Paper Company , the lenders from time to time party thereto and CoBank, ACB, as administrative agent, lead arranger and bookrunner. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document). 2
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