BOISE CASCADE Co (BCC): debt financing — Boise Cascade enters $450M credit facility, replaces $400M revolver and $50M term loan

BOISE CASCADE Co

Entered $450M revolving credit facility (includes $45M swingline, $75M LC subfacility) maturing April 14, 2030.
Terminated prior $400M revolver and $50M term loan; $50M drawn at closing to repay term loan.
Interest based on SOFR plus spread tied to net leverage ratio; secured by substantially all assets.
Credit agreement contains typical covenants and events of default; lien release if investment grade rating obtained.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BOISE CASCADE Co incurred revolving credit of $450.0 million revolving loan with JPMorgan Chase Bank, N.A., as administrative agent and a lender, and the other lenders at Alternate Base Rate, a Term SOFR Rate, or a Daily Simple SOFR Rate, each plus an maturing April 14, 2030.

Instrument: revolving credit
Principal: $450.0 million revolving loan
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent and a lender, and the other lenders
Rate: Alternate Base Rate, a Term SOFR Rate, or a Daily Simple SOFR Rate, each plus an
Maturity: April 14, 2030
Event: incurrence

Exact text from the filing

On April 14, 2025, Boise Cascade Company (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent and a lender, and the other lenders from time to time party thereto. The Credit Agreement provides for a $450.0 million revolving loan (the “Revolver”), which includes a $45.0 million swingline sub-facility and a $75.0 million letter of credit sub-facility.

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Source: SEC EDGAR

accession 0001328581-25-000052

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