International Paper guarantees DS Smith's four Euro Medium-Term Note series after consent votes
International Paper became guarantor of four DS Smith Limited note series, effective March 10, 2025, after noteholders approved amendments at meetings held that day. The amendments remove DS Smith's obligation to prepare consolidated accounts and align certain default terms with International Paper's debt documents. The full principal of each series remains outstanding.
Key points
- Noteholders passed Extraordinary Resolutions at meetings held March 10, 2025 for all four series
- Four series covered: €600 million 2026 Notes, €850 million 2027 Notes, £250 million 2029 Notes, €650 million 2030 Notes
- International Paper guarantees DS Smith's payment obligations on each series, effective March 10, 2025
- Amendments remove the requirement for DS Smith to prepare audited and unaudited consolidated accounts
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 11, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.