Brief: Sylvamo Completes Sale Of Russian Operations

Sylvamo

06/10/2022 15:45

Sylvamo Corp  SLVM.N :
    * SYLVAMO COMPLETES SALE OF RUSSIAN OPERATIONS
    * SYLVAMO CORP - REACHED AN AGREEMENT AND COMPLETED SALE OF
ITS
RUSSIAN OPERATIONS TO PULP INVEST LIMITED LIABILITY COMPANY FOR
$420 MILLION
    * SYLVAMO CORP - AFTER FOREIGN CURRENCY EXCHANGE RATES AND
TRANSACTION FEES, SYLVAMO RECEIVED APPROXIMATELY $390 MILLION IN
CASH PROCEEDS.
    * SYLVAMO CORP- INTEND TO USE $325 MILLION OF PROCEEDS TO
REPAY
DEBT
    * SYLVAMO CORP -  PULP INVEST FUNDED PURCHASE PRICE THROUGH
BANK
FINANCING

Source text for Eikon:  ID:nBw8kgzNra 
Further company coverage:  SLVM.N