On February 14, 2022, PotlatchDeltic Corporation; PotlatchDeltic Forest Holdings, Inc. and PotlatchDeltic Land & Lumber, LLC, entered into a Sixth 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, 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. The Amendment provides for a reset of LIBOR on February 14, 2022 and each annual anniversary thereof for Term Loan M. In addition, the Amendment provides that the Leverage Ratio may exceed 40% no more than twice during the term of the Amended Term Loan Agreement, provided that the Leverage Ratio does not exceed 50% for two consecutive quarters if the circumstances causing such ratio to exceed 50% occurred in the ordinary course of business.

Further, the Amendment includes certain minor changes consistent with the Third Amended and Restated Credit Agreement dated as of December 14, 2021, among the Company, KeyBank National Association, as administrative agent, L/C issuer and swing line lender, and the lenders party thereto.