Item 1.01 Entry into a Material Definitive Agreement

On November 29, 2022, Louisiana-Pacific Corporation (the "Company") entered into the Second Amended and Restated Credit Agreement (the "Credit Agreement") among the Company, as borrower, the guarantors from time-to-time party thereto, American AgCredit, PCA (the "Agent"), as Administrative Agent and Sole Lead Arranger, the lenders from time-to-time party thereto and CoBank, ACB, as letter of credit issuer. The Credit Agreement amends and restates the Company's existing credit facility dated as of June 27, 2019, as amended, in its entirety to, among other things, (i) reflect the release of the collateral that secures the indebtedness evidenced by the Credit Agreement as a result of the Company's obtaining an Investment Grade rating on November 1, 2022 (which collateral may be reinstated from time-to-time in accordance with the terms of the Credit Agreement), (ii) extend the maturity date to November 29, 2028, (iii) make certain changes to effect a transition from the LIBOR interest rate benchmark to Term SOFR Rate (as defined in the Credit Agreement) and (iv) provide for certain other modifications (including modifications to certain basket and threshold levels in the negative covenants) as set forth in the Credit Agreement.

Revolving borrowings under the Credit Agreement accrue interest, at our option, at either (a) a "base rate" plus a margin of 0.5% to 1.5% or (b) Adjusted Term SOFR (i.e., Term SOFR Rate plus an adjustment of 0.10%) plus a margin of 1.5% to 2.5%. The Credit Agreement also includes an unused commitment fee, due quarterly, ranging from 0.2% to 0.425%. The applicable margins and fees within these ranges are based on the ratio of consolidated EBITDA to cash interest charges. The "base rate" is the highest of (i) the Federal funds rate plus 0.5%, (ii) the U.S. prime rate, and (iii) one-month Adjusted Term SOFR plus 1.0%.

The foregoing description of the Credit Agreement is qualified in its entirety by reference to the Credit Agreement, a copy of which is filed as Exhibit 10.1 hereto and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.



(d)  Exhibits.

    Exhibit
     Number      Description
                   Second Amended and Restated Credit Agreement, dated November 29, 2022, among
      10.1       the Company, as borrower, American AgCredit PCA, as administrative agent,
                 CoBank, ACB, as letter of credit issuer and lenders and voting participants
                 party thereto
      104        Cover Page Interactive Data File (embedded within Inline XBRL document and
                 contained in Exhibit 101)

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