LPX amends credit facility, extends maturity to Nov 2028, releases collateral after investment-grade rating

LOUISIANA-PACIFIC CORP

Second Amended and Restated Credit Agreement entered Nov 29, 2022, replacing June 2019 facility.
Maturity extended to November 29, 2028; pricing based on EBITDA/Interest ratio.
Interest rate margins: base rate +0.5%-1.5% or Adjusted Term SOFR +1.5%-2.5%.
Unused commitment fee 0.2% to 0.425% per annum; collateral released due to Nov 1, 2022 investment-grade rating.
Transitioned from LIBOR to Term SOFR benchmark; modified negative covenant baskets and thresholds.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 1.0

LOUISIANA-PACIFIC CORP amended Credit Agreement with American AgCredit, PCA (the "Agent"), as Administrative Agent and Sole Lead Arranger, and CoBank, ACB, as letter of credit issuer (effective 2022-11-29).

Action: amendment
Agreement: credit facility
Counterparty: American AgCredit, PCA (the "Agent"), as Administrative Agent and Sole Lead Arranger, and CoBank, ACB, as letter of credit issuer
Effective: 2022-11-29

Exact text from the filing

On November 29, 2022, Louisiana-Pacific Corporation (the “Company”) entered into the Second Amended and Restated Credit Agreement (the “Credit Agreement”) among the Company, as borrower, the guarantors from time-to-time party thereto, American AgCredit, PCA (the “Agent”), as Administrative Agent and Sole Lead Arranger, the lenders from time-to-time party thereto and CoBank, ACB, as letter of credit issuer.

View on SEC.gov

283 material agreements filed in the last 30 days. Browse all material agreements →

LOUISIANA-PACIFIC CORP filing history →

Source: SEC EDGAR

accession 0001628280-22-030956

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.