On September 9, 2022, Boise Cascade Company and its principal operating subsidiaries, Boise Cascade Wood Products, L.L.C., and Boise Cascade Building Materials Distribution, L.L.C., as borrowers, and Boise Cascade Wood Products Holding Corp., Coastal Plywood, LLC, Coastal Forest Products LLC, Coastal Treated Products LLC, and Coastal Treated Products-Havana LLC, as guarantors, entered into the Eighth Amendment to the Amended and Restated Credit Agreement with Wells Fargo Capital Finance, LLC, as administrative agent, and the lenders from time to time party thereto, originally dated May 15, 2015 (as amended, restated, supplemented, or otherwise modified before the date of the Amendment, the "Credit Agreement" and as amended by the Amendment, the "Amended Agreement"). The Amended Agreement includes a senior secured asset-based revolving credit facility and a term loan. The Amendment extends the maturity date of the Credit Agreement to the earlier of (i) September 9, 2027 and (ii) 90 days prior to the maturity of the Company's $400 million of 4.875% senior notes due July 1, 2030 (or the maturity date of any permitted refinancing indebtedness or permitted upsized refinancing indebtedness in respect thereof).

In addition, the Amendment increases the maximum amount available for revolving loans under the Credit Agreement from $350.0 million to $400.0 million. The term loan within the Amended Agreement remains at $50.0 million. The Amendment also modifies the interest rates under the Credit Agreement.

Previously in the Credit Agreement, interest rates were based, at the Company's election, on either the LIBOR Rate or the Base Rate, as defined in the Credit Agreement, plus a spread over the index. The Amendment replaces the LIBOR Rate with Daily Simple SOFR and Term SOFR. Both SOFR options include a credit spread adjustment of 0.10%.

The applicable spreads for the Credit Agreement did not change. In addition, the Amendment reduced the unused line fees the Company will pay from 0.25% per annum to 0.20% per annum. The Amendment also modifies the Borrowing Base and certain components of the Borrowing Base, which is used to determine the amount of availability under the revolving credit facility under the Amended Agreement.

The Amended Agreement contains a requirement that meet a 1:1 fixed-charge coverage ratio (FCCR), applicable only if Excess Availability falls below 10% of the Line Cap. The Amended Agreement permits to pay dividends only if at the time of payment (i) no default has occurred or is continuing (or would result from such payment) under the Amended Agreement, and (ii) (x) pro forma Excess Availability is equal to or exceeds 20% of the Line Cap or (y) pro forma Excess Availability is equal to or exceeds 15% of the Line Cap and fixed-charge coverage ratio is greater than or equal to 1:1 on a pro forma basis.