Georgia-Pacific Paid Parent Koch $1.8 Billion Dividend in 2024

Georgia-Pacific LLC, the paper product maker that placed a subsidiary into bankruptcy to limit asbestos liabilities, paid about $1.84 billion in dividends last year to its own parent, Koch Inc., according to court filings.

The dividends were disclosed in the bankruptcy case of Georgia-Pacific unit Bestwall LLC, which is in the midst of a longstanding battle with creditors over how much to pay to resolve tens of thousands of asbestos exposure claims.

Georgia-Pacific paid $343 million throughout 2024 in regular quarterly dividends to Koch based on Georgia-Pacific’s financial results, according to a declaration filed Wednesday by Julie A. Anderson, Georgia-Pacific’s ...