secwatch.observer — SEC 8-K summary
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Issuer:     BOISE CASCADE Co (BCC)
CIK:        0001328581
Form:       8-K
Filed at:   2022-09-09T23:59:59+00:00
Accession:  0001328581-22-000088
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Boise Cascade amends credit facility, ups revolver to $400M, extends maturity to 2027
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1328581/000132858122000088/0001328581-22-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1328581/000132858122000088/bcc-20220909.htm
  HTML page:      https://secwatch.observer/filing/0001328581-22-000088

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