Item 1.01. Entry into a Material Definitive Agreement.



On August 4, 2021, CatchMark Timber Trust, Inc. (the "Company") and CatchMark
Timber Operating Partnership, L.P. (the "Borrower") and the Company's other
wholly-owned subsidiaries entered into that certain Fifth Agreement Regarding
Consents and Amendments (the "Amendment"), which amends the Fifth Amended and
Restated Credit Agreement, dated December 1, 2017 (as amended, restated, amended
and restated, modified and/or supplemented from time to time, the "Credit
Agreement"), by and among the Company and its wholly-owned subsidiaries, the
Borrower, CoBank, ACB, AgFirst Farm Credit Bank, Cooperatieve Rabobank U.A., New
York Branch, and certain financial institutions named therein.

The Amendment provides for, among other things: (1) consent to the Borrower's
prepayment of the outstanding balance of any Multi-Draw Term Loans and Term A-3
Loans with the proceeds from the sale of real property pursuant to that certain
Purchase and Sale Agreement, dated as of June 21, 2021, among Timberlands II,
LLC, a Delaware limited liability company, Roseburg Resources Co., an Oregon
corporation, and Fidelity National Title Group, as such agreement may be amended
from time to time (the "Bandon Sale"), and after the outstanding balance of any
Multi-Draw Term Loans and Term A-3 Loans have been repaid in full, permit the
Borrower to retain up to $5,000,000 of such remaining proceeds for working
capital purposes; (2) certain amendments to the Credit Agreement in connection
with the foregoing and to permit the Borrower, for a period of 18 months from
the effective date of the Amendment, to, upon the repayment of the outstanding
Term A-3 Loans, reborrow Term A-3 Loans using borrowing mechanics substantially
similar to those that apply to the revolving loan credit facility, the proceeds
of which shall be used solely to finance acquisitions of additional real
property, all as set forth in the Amendment, with the same pricing and maturity
date as the existing Term A-3 Loan; (3) the extension of the maturity date of
the revolving loan credit facility from December 1, 2022 to August 4, 2026, the
fifth anniversary of the effective date of the Amendment; and (4) certain
amendments to the LIBOR replacement provisions in the Credit Agreement
consistent with current Alternative Reference Rates Committee (ARRC)
recommendations.

The foregoing description of the Amendment is only a summary and is qualified in
its entirety by reference to the full text of the Amendment, a copy of which is
filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by
reference herein.


Item 9.01. Financial Statements and Exhibits.

(d) Exhibits:



Exhibit No.                   Exhibit Description
10.1                            Fifth Agreement Regarding Consents and 

Amendments, dated as of August


                              4, 2021, by and among the Company, the Borrower, the Company's
                              wholly-owned subsidiaries, CoBank, ACB, as administrative agent, and
                              certain financial institutions named therein, as lenders.
104                           Cover Page Interactive Data File (embedded within the Inline XBRL
                              Document)


--------------------------------------------------------------------------------

© Edgar Online, source Glimpses