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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.