Item 1.01 Entry into a Material Definitive Agreement.
On December 1, 2020, PotlatchDeltic Corporation (the "Company") and its wholly
owned subsidiaries, PotlatchDeltic Forest Holdings, Inc. and PotlatchDeltic
Land & Lumber, LLC (collectively, the "Borrowers"), entered into a Fourth
Amendment to Second Amended and Restated Term Loan Agreement (the "Amendment")
with the Guarantors party thereto, the Lenders party thereto, the Voting
Participants party thereto and Northwest Farm Credit Services, PCA, as
Administrative Agent (the "Administrative Agent"), amending the Second Amended
and Restated Term Loan Agreement dated as of March 22, 2018 among the Borrowers,
the Guarantors from time to time party thereto, the Lenders from time to time
party thereto and the Administrative Agent. Capitalized terms used and not
otherwise defined herein have the meanings set forth in the Amendment.
Pursuant to the Amendment, the Lenders provided a Term Loan O to the Borrowers
in the principal amount of $46 million, maturing on November 1, 2030, and
bearing interest at a rate equal to 1-month LIBOR plus 2.10% per annum. Term
Loan O replaced the Borrowers' Term Loans B and D.
The foregoing description of the Amendment is qualified in its entirety by
reference to the full text of the Amendment, a copy of which is filed as Exhibit
10.1 hereto and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.
Exhibit
Number Description
10.1 Fourth Amendment to Second Amended and Restated Term Loan Agreement
dated as of December 1, 2020 among PotlatchDeltic Corporation and
its wholly owned subsidiaries, as borrowers, the guarantors party
thereto, the lenders party thereto, the voting participants party
thereto and Northwest Farm Credit Services, PCA, as administrative
agent
104 Cover Page interactive data file (Embedded within the Inline XBRL
document)
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