trending Market Intelligence /marketintelligence/en/news-insights/trending/pws8vvegdg6akp8jmfpcuw2 content esgSubNav
In This List

PotlatchDeltic units borrow $100M term loan

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


PotlatchDeltic units borrow $100M term loan

PotlatchDeltic Corp. said certain of its subsidiaries borrowed a $100 million term loan due March 28, 2028, to refinance existing debt incurred for the company's recent merger with Deltic Timber Corp.

Under an amended agreement signed by the company and subsidiaries March 22, the loan bears an annual interest rate of one-month London Interbank Offered Rate plus 1.95%.

The amended agreement also continues the $100 million term loan the timber real estate investment trust assumed in conjunction with the merger.

Northwest Farm Credit Services PCA was the administrative agent for the loan.