secwatch.observer — SEC 8-K summary
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Issuer:     LOUISIANA-PACIFIC CORP (LPX)
CIK:        0000060519
Form:       8-K
Filed at:   2022-11-29T23:59:59+00:00
Accession:  0001628280-22-030956
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/60519/000162828022030956/0001628280-22-030956-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/60519/000162828022030956/lpx-20221129.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-030956

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer