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PotlatchDeltic units borrow $40M term-loan N

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PotlatchDeltic units borrow $40M term-loan N

A pair of PotlatchDeltic Corp. units borrowed a $40 million term-loan N due Nov. 1, 2029, replacing the company's term-loan C.

The timber real estate investment trust said the term-loan N bears annual interest at the one-month London interbank offered rate plus 1.85%.

PotlatchDeltic Forest Holdings Inc. and PotlatchDeltic Land & Lumber LLC were the borrowers, while Northwest Farm Credit Services PCA was administrative agent and the lender.