Bulletin: International Paper Expects Up To $400 Million Of Incremental Earnings From The Spin-Off Of Its Printing Paper Segment - S&P Global Ratings’ Credit Research

Bulletin: International Paper Expects Up To $400 Million Of Incremental Earnings From The Spin-Off Of Its Printing Paper Segment

Bulletin: International Paper Expects Up To $400 Million Of Incremental Earnings From The Spin-Off Of Its Printing Paper Segment - S&P Global Ratings’ Credit Research
Bulletin: International Paper Expects Up To $400 Million Of Incremental Earnings From The Spin-Off Of Its Printing Paper Segment
Published Dec 03, 2020
2 pages (1176 words) — Published Dec 03, 2020
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Abstract:

NEW YORK (S&P Global Ratings) Dec. 3, 2020--International Paper Co. (IP; BBB/Stable/A-2) has announced that it plans to spin off its Printing Paper segment as a stand-alone, publicly traded company (SpinCo) toward the end of the third quarter of 2021. As part of the proposed transaction, IP expects to receive a dividend through a debt recapitalization of SpinCo and will retain an ownership stake in the company of up to 19.99%, which it intends to eventually monetize. Following the spin-off, IP will remain a sizeable player in the packaging industry and the largest company in the corrugated segment with pro forma sales of $17 billion. The company expects to realize between $350 million and $400 million of incremental earnings by

  
Report Type:

Bulletin

Ticker
IP
Issuer
International Paper Co.
GICS
Paper Packaging (15103020)
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: International Paper Expects Up To $400 Million Of Incremental Earnings From The Spin-Off Of Its Printing Paper Segment" Dec 03, 2020. Alacra Store. May 01, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-International-Paper-Expects-Up-To-400-Million-Of-Incremental-Earnings-From-The-Spin-Off-Of-Its-Printing-Paper-Segment-2564908>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: International Paper Expects Up To $400 Million Of Incremental Earnings From The Spin-Off Of Its Printing Paper Segment Dec 03, 2020. New York, NY: Alacra Store. Retrieved May 01, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-International-Paper-Expects-Up-To-400-Million-Of-Incremental-Earnings-From-The-Spin-Off-Of-Its-Printing-Paper-Segment-2564908>
  
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