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8-KThe WireStrategic

Material Agreement · New Debt / Obligation

Filed Jun 8, 2021 · 5y ago · Accession 0001628280-21-011827

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  __________________________________ FORM 8-K __________________________________ CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 8, 2021  __________________________________  LOUISIANA-PACIFIC CORPORATION (Exact name of registrant as specified in its charter)  __________________________________  Delaware   1-7107   93-0609074 (State or other jurisdiction of incorporation or organization)   Commission File Number   (IRS Employer Identification No.) 414 Union Street , Suite 2000 , Nashville , TN 37219 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: ( 615 )  986 - 5600  __________________________________  Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, $1 par value LPX New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ] Item 1.01 Entry into a Material Definitive Agreement. On June 8, 2021, Louisiana-Pacific Corporation (the “Company”) entered into an amendment (the "Third Amendment") to its existing credit agreement, dated June 27, 2019 (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. The Third Amendment amends and restates the Credit Agreement to, among other things, (i) extend the maturity date to June 2027, (ii) combine the two revolving credit facilities (Revolver A and Revolver B) into a single revolving credit facility with an overall credit limit of $550 million, (iii) add a $300 million accordion, (iv) reduce interest rates for loans, commitments, and letter of credit fees, and (v) provide for the release of security after obtaining an Investment Grade rating from any one of the Moody's, S&P or Fitch. The foregoing description of the Third Amendment is qualified in its entirety by reference to the Third Amendment, a copy of which is filed as Exhibit 10.1 hereto and incorporated herein by reference Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 above is incorporated by reference into this Item 2.03. Item 9.01    Financial Statements and Exhibits . (d) Exhibits . Exhibit Number Description 10.1 Third Amendment to Amended and Restated Credit Agreement, dated June 8, 2021, among the Company, as borrower, American AgCredit PCA, as administrative agent, CoBank, ACB, as letter of credit issuer and lenders and voting participants party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.   LOUISIANA-PACIFIC CORPORATION By: /S/ DEREK N. DOYLE Derek N. Doyle Vice President, Controller and Chief Accounting Officer Date: June 8, 2021
Filing details
Ticker
LPX
CIK
60519
Form type
8-K
Filing date
Jun 8, 2021
Report date
Jun 8, 2021
Document
lpx-20210608.htm
Size
48.2 MB