BOISE CASCADE COMPANY (NYSE:BCC) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry Into a Material Definitive Agreement.
Amendment to Senior Secured Asset-Based Credit Facility
On August 10, 2017 the Company and its principal operating subsidiaries, Boise Cascade Wood Products, L.L.C., and Boise Cascade Building Materials Distribution, L.L.C., as borrowers, and Boise Cascade Wood Products Holdings Corp., Chester Wood Products LLC, and Moncure Plywood LLC, as guarantors, entered into the Fifth Amendment to the Amended and Restated Credit Agreement (the “Amendment”) with Wells Fargo Capital Finance, LLC, as administrative agent, and the lenders from time to time party thereto, originally dated May 15, 2015 (as amended, restated, supplemented, or otherwise modified before the date of the Amendment, the “Credit Agreement”).
The Amendment extends the maturity date of the Credit Agreement from April 30, 2020, to May 1, 2022. In addition, the Amendment reduces the unused line fees that the Company will pay. The unused line fee rate previously ranged from 0.25% to 0.375% per annum dependent upon credit facility usage. The Amendment changes the unused line fee rate to a singular rate of 0.25% per annum.
The foregoing summary of the Amendment is qualified in its entirety to the complete text of the Amendment, which is filed herewith as Exhibit10.1 and is incorporated herein by reference.
Item 9.01Financial Statements and Exhibits.
(d) Exhibits.
The following exhibits are furnished as part of this Report on Form 8-K:
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Exhibit Number |
Description of Exhibit |
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10.1 |
Fifth Amendment to Amended and Restated Credit Agreement, dated as of August 10, 2017, by and among Boise Cascade Company, the subsidiary borrowers party thereto, the subsidiary guarantors party thereto, Wells Fargo Capital Finance, LLC, as administrative agent, and the lenders party thereto. |
BOISE CASCADE Co ExhibitEX-10.1 2 ex101arca5a081017.htm FIFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT Exhibit Exhibit 10.1FIFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENTThis Fifth Amendment to Amended and Restated Credit Agreement (this “Amendment”) is dated as of August 10,…To view the full exhibit click here
About BOISE CASCADE COMPANY (NYSE:BCC)
Boise Cascade Company, formerly Boise Cascade, L.L.C., is a plywood and engineered wood products (EWP) manufacturer and building materials distributor with operations throughout the United States. The Company’s segments include Wood Products, Building Materials Distribution, and Corporate and Other. Its Wood Products segment manufactures plywood, EWP, studs, particleboard and ponderosa pine lumber. Its Building Materials Distribution segment is a wholesale distributor of various building materials, including EWP, OSB, plywood, lumber and general line items, such as siding, metal products, insulation, roofing and composite decking. It manufactures EWP, consisting of laminated veneer lumber, I-joists and laminated beams. Its products are used in residential construction, residential repair-and-remodeling projects, light commercial construction and industrial applications. It serves over 4,500 customers, including retail lumberyards, wholesalers and industrial converters, among others.
