Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
UFP INDUSTRIES INC amended a credit facility with syndicate of banks led by JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A., and PNC Bank, National Association valued at $750 million (effective 2022-12-06).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- syndicate of banks led by JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A., and PNC Bank, National Association
- Value
- $750 million
- Effective
- 2022-12-06
Exact text from the filing
Effective December 6, 2022, the Registrant amended their unsecured revolving credit facility with a syndicate of banks led by JPMorgan Chase Bank, N.A., as administrative agent, Wells Fargo Bank, N.A., as syndication agent, and PNC Bank, National Association as documentation agent. The facility size was increased from $550 million to $750 million, extends the expiration to December 6, 2027, and includes up to $60 million which may be advanced in the form of letters of credit, and up to $100 million (U.S. dollar equivalent) which may be advanced in Canadian dollars, Australian dollars, and such other foreign currencies as may subsequently be agreed upon among the parties.
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