debt
confidence high
sentiment neutral
materiality 0.50
Boise Cascade amends credit facility, ups revolver to $400M, extends maturity to 2027
BOISE CASCADE Co
- Amended credit agreement with Wells Fargo increases revolving commitment from $350M to $400M.
- Maturity extended to earlier of Sept 2027 or 90 days before $400M 4.875% senior notes due 2030.
- Interest rate benchmark changes from LIBOR to Daily Simple SOFR and Term SOFR with 0.10% credit spread adjustment.
- Unused line fee reduced from 0.25% to 0.20% per annum; other spreads unchanged.
- Dividends permitted if no default and pro forma Excess Availability >=20% of Line Cap (or >=15% with FCCR >=1:1).