LONG-TERM DEBT (Tables)

9 Months Ended

Sep. 30, 2025

Long-term debt is summarized in the following table:


In millions	September 30, 2025		December 31, 2024
Term Loan F - due 2027 (a)	$	255	$	255
Term Loan F-2 - due 2031 (b)	222		230
Term Loan A - due 2029 (c)	209		217
Securitization Program	100		88
Other	15		14
Less: current portion	(23)		(22)
Total	$	778	$	782

(a) As of September 30, 2025 and December 31, 2024, presented net of $1 million and $2 million in unamortized debt issuance costs, respectively.

(b) As of September 30, 2025 and December 31, 2024, presented net of $1 million and $2 million in unamortized debt issuance costs, respectively.

(c) As of September 30, 2025 and December 31, 2024, presented net of $2 million and $2 million in unamortized debt issuance costs, respectively.

Schedule of Interest Rate Derivatives

In connection with some of the Company’s loans, we are a party to interest rate swaps with various counterparties. These interest rate swaps are designated as cash flow hedges utilized to manage interest rate risk by allowing the Company to exchange the difference in the variable rates on the term loans determined in reference to SOFR and the related fixed interest rate per notional amount. Fair value assets and liabilities related to interest rate swaps are recorded within “Deferred charges and other assets” and “Other liabilities,” respectively.


			September 30, 2025						December 31, 2024
(Dollars in millions)	Fixed Interest Rate	Maturity (a)	Notional Amount		Fair Value of Assets		Fair Value of Liabilities		Notional Amount		Fair Value of Assets		Fair Value of Liabilities
Interest rate swaps
Term Loan F	3.72% to 3.75%	2025	$	200	$	—	$	—	$	200	$	1	$	—
Term Loan F-2	3.80% to 3.82%	2029	$	223	$	—	$	4	$	232	$	2	$	—
Term Loan A	4.13% to 4.16%	2028	$	211	$	—	$	4	$	219	$	—	$	1

(a) The total notional amounts of Term Loan F-2 and Term Loan A amortize quarterly until maturity.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Sylvamo Corp 10-Q