International Paper Co (NYSE: IP ), a $26.1 billion market cap paper and packaging giant with annual revenues exceeding $18.6 billion, has officially become the guarantor for its subsidiary DS Smith Limited's outstanding notes, as disclosed in a recent SEC filing. According to InvestingPro data, the company maintains a FAIR financial health score, with analysts expecting both sales and net income growth this year. On Monday, the company announced the successful passing of Extraordinary Resolutions during separate meetings held with note holders, resulting in the approval of amendments to the terms and conditions of the notes. The amendments include removing the obligation for DS Smith to prepare consolidated accounts and modifying certain default events to better align with International Paper's debt securities provisions.