Weyerhaeuser enters new $1.5B five-year unsecured revolving credit facility expiring March 2028

WEYERHAEUSER CO

New $1.5B senior unsecured revolver replaces existing $1.5B facility due Jan 2025; new facility expires March 2028.
Borrowings bear interest at adjusted term SOFR or base rate plus spread, depending on Weyerhaeuser's credit rating.
Key covenants: minimum adjusted shareholders' equity of $3.0B and funded debt ratio ≤65%.
Facility may be used for general corporate purposes including working capital, acquisitions, stock repurchases, capex.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

WEYERHAEUSER CO entered into Revolving Credit Facility Agreement with Wells Fargo Bank, National Association, as Administrative Agent valued at $1.5 billion five-year senior unsecured revolving credit facility (effective 2023-03-13).

Action: entry
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association, as Administrative Agent
Value: $1.5 billion five-year senior unsecured revolving credit facility
Effective: 2023-03-13

Exact text from the filing

On March 13, 2023, Weyerhaeuser Company (" Weyerhaeuser ") entered into a new $1.5 billion five-year senior unsecured Revolving Credit Facility Agreement (the " Credit Agreement ") with the lenders party thereto (the " Lenders ") and Wells Fargo Bank, National Association, as administrative agent (in such capacity, the " Administrative Agent ").

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WEYERHAEUSER CO filing history →

Source: SEC EDGAR

accession 0000950170-23-008169

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