International Paper Wins Noteholder Approval to Assume DS Smith Debt Obligations
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International Paper secured noteholder approval to assume debt obligations for its subsidiary DS Smith, replacing DS Smith as the issuer on euro- and sterling-denominated notes. This move removes International Paper's guarantee, aligns documentation with its U.S. status, and centralizes funding at the parent level. The changes are part of the post-acquisition integration of DS Smith, aiming to streamline financing and clarify legal responsibilities.
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