POTLATCHDELTIC CORP false 0001338749 0001338749 2023-05-18 2023-05-18

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 18, 2023

 

 

POTLATCHDELTIC CORPORATION

(Exact name of Registrant as Specified in Its Charter)

 

 

 

Delaware   1-32729   82-0156045
(State or Other Jurisdiction
of Incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

601 West First Avenue, Suite 1600  
Spokane, Washington   99201
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s Telephone Number, Including Area Code: 509 835-1500

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
Symbol(s)

 

Name of each exchange on which registered

Common Stock ($1 par value)   PCH   Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 


Item 1.01 Entry into a Material Definitive Agreement.

On May 18, 2023, PotlatchDeltic Corporation and its wholly owned subsidiaries, PotlatchDeltic Forest Holdings, Inc. and PotlatchDeltic Land & Lumber, LLC (collectively, the “Borrowers”), entered into a First Amendment to Third Amended and Restated Credit Agreement (the “Amendment”) among KeyBank National Association, as administrative agent (the “Administrative Agent”), and the Lenders party thereto, amending the Third Amended and Restated Credit Agreement dated as of December 14, 2021 among the Borrowers, the Administrative Agent, the Guarantors party thereto and the Lenders party thereto. Capitalized terms used and not otherwise defined herein have the meanings set forth in the Amendment.

The Amendment provides for loans based on the Secured Overnight Financing Rate (“SOFR”), as administered by the Federal Reserve Bank of New York (or a successor administrator of SOFR) instead of the London Inter-Bank Offered Rate (“LIBOR”). In addition, the Amendment provides the option for Borrowers to borrow based on a daily SOFR or term SOFR basis. Further, the Amendment provides mechanics relating to the transition from the use of SOFR to a replacement benchmark rate upon the occurrence of certain transition events.

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 attached as Exhibit 10.1 hereto and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

 

(d)

Exhibits.

 

Exhibit

Number

   Description
10.1    First Amendment to Third Amended and Restated Credit Agreement dated as of May 18, 2023, among PotlatchDeltic Corporation and its wholly owned subsidiaries, as borrowers, KeyBank National Association, as administrative agent, and the lenders party thereto
104    Cover Page interactive data file (Embedded within the Inline XBRL document)


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

      PotlatchDeltic Corporation
Date:     May 18, 2023     By:  

/s/ Michele L. Tyler

     

Michele L. Tyler

Vice President, General Counsel and Corporate Secretary

Grafico Azioni PotlatchDeltic (NASDAQ:PCH)
Storico
Da Mag 2024 a Giu 2024 Clicca qui per i Grafici di PotlatchDeltic
Grafico Azioni PotlatchDeltic (NASDAQ:PCH)
Storico
Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di PotlatchDeltic