{"url_path":"/sec/slvm/10-q/2026/item-5","section_key":"item-5","section_title":"Item 5 OTHER INFORMATION","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1856485/0001856485-26-000019-index.html","accession_number":"0001856485-26-000019","cik":"0001856485","ticker":"SLVM","issuer_name":"Sylvamo Corp","edgar_url":"https://www.sec.gov/Archives/edgar/data/1856485/0001856485-26-000019-index.html","primary_entity_key":"0001856485","primary_entity_name":"Sylvamo Corp"},"word_count":691,"has_tables":true,"body_markdown":"ITEM 5.    OTHER INFORMATION\n\nAccounts Receivable Securitization Program\n\nOn May 7, 2026, Sylvamo North America, LLC (the “Subsidiary”), a wholly-owned subsidiary of the Company, and Sylvamo Receivables, LLC (the “Borrower”), a wholly-owned, “bankruptcy remote” special purpose subsidiary of the Subsidiary,\n\n25\n\nentered into Amendment No. 5 (“Amendment No. 5”) to the Receivables Financing Agreement, dated as of September 30, 2022, among the Borrower, the Subsidiary as initial servicer, PNC Bank, National Association (“PNC”), as Administrative Agent, the lenders from time to time party thereto, and PNC Capital Markets LLC as structuring agent. On May 7, 2026, the Subsidiary, Borrower and PNC also entered into Amendment No. 1 to the Purchase and Sale Agreement dated as of September 30, 2022, and the Company entered into an Amended and Restated Performance Guaranty in favor of PNC, to conform such agreements to Amendment No. 5 (collectively, the “Related Amendments”).\n\nAmendment No. 5 and the Related Amendments extend the maturity of the Company’s securitization program from July 30, 2027, to May 7, 2029. The securitization program is an accounts receivable finance facility, pursuant to which the Subsidiary sells to the Borrower, on a continuous revolving basis and without recourse, all U.S. originated trade accounts receivable, together with the rights to collections thereof, related security and certain related rights (including proceeds from qualified insurance providers), unless specifically excluded. Other than the maturity extension, the material terms and conditions of the securitization program remain substantially consistent with those in place prior to Amendment No. 5 and the Related Amendments.\n\nThis description does not purport to be complete and is qualified in its entirety by reference to Amendment No. 5, a copy of which is attached hereto as Exhibit 10.6, and the Related Amendments, copies of which are attached hereto as Exhibits 10.7 and 10.8, and incorporated herein by reference.\n\nFarm Credit Term Loans Facility\n\nOn May 7, 2026, the Company entered into amendment No. 2 (“Amendment No. 2”) to the Farm Credit Agreement, dated as of July 31, 2024 (the “Farm Credit Agreement”), among the Company, CoBank, ACB, as Administrative Agent, and the lenders from time to time party thereto. Amendment No. 2 created a new Term Loan F-3 Facility with a maturity date of May 7, 2032 (the “Term Loan F-3 Facility”).\n\nThe principal amount of the Term Loan F-3 Facility is $357 million. At closing of the Term Loan F-3 Facility on May 7, 2026, the then-existing Term Loan F Facility, which had a maturity date of September 13, 2027 and an outstanding loan amount of $257 million (the “Term Loan F Facility”), was replaced in full by the Term Loan F-3 Facility, effectively extending the maturity date applicable to the $257 million loan. The Company borrowed the remaining $100 million of the Term F-3 Facility to repay a portion of the amount outstanding under the Company’s revolving credit facility.\n\nThe Term Loan F-3 Facility initially has an annual rate equal to, at the Company’s option, (i) SOFR plus an applicable margin initially set at 2.05%, or (ii) the base rate plus an applicable margin initially set at 1.05%. At closing, the Company elected option (i). Following the Company’s delivery of financial statements for the quarter ended June 30, 2026, interest rate spreads will be determined by reference to a leveraged-based pricing grid.\n\nThe Company is required to make quarterly principal payments under the Term Loan F-3 Facility beginning September 30, 2026 and each subsequent fiscal quarter thereafter, equal to 1.25% of the original principal amount of the $357 million loan (i.e., approximately $4.46 million), with the balance due and payable on the maturity date.\n\nThe material terms and conditions of the Farm Credit Agreement, including in respect of guarantees and security, are substantially consistent with those in place prior to Amendment No. 2, but for the terms of the new Term Loan F-3 Facility and the elimination of a 10bps SOFR “credit spread adjustment” applicable to all facilities.\n\nThis description does not purport to be complete and is qualified in its entirety by reference to Amendment No. 2, a copy of which is attached hereto as Exhibit 10.9 and incorporated herein by reference.\n\n26"}