On September 14, 2022, PotlatchDeltic Corporation and PotlatchDeltic Forest Holdings, Inc. and PotlatchDeltic Land & Lumber, LLC entered into a Seventh Amendment to Second Amended and Restated Term Loan Agreement with the Guarantors party thereto, the Lenders party thereto, the Voting Participants party thereto and Northwest Farm Credit Services, PCA, as Administrative Agent, amending the Second Amended and Restated Term Loan Agreement dated as of March 22, 2028 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 in this Item 1.01 and not otherwise defined herein have the meanings set in the Amendment. In connection with the refinancing of $277.5 million of the CatchMark debt acquired in the Company Merger, pursuant to the Amendment, the Lenders provided a Term Loan Q to the Borrowers in the principal amount of $138.75 million, maturing on September 1, 2027, and Term Loan R in the principal amount of $138.75 million, maturing on September 1, 2030 (collectively, the “New Term Loans”).

The New Term Loans bear interest at a rate equal to 1-month SOFR plus 2.0% per annum. In addition, Term Loan R provides for a cost-of-capital reset at year five.