UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 2, 2019
PotlatchDeltic Corporation
(Exact name of Registrant as Specified in Its Charter)
Delaware | 001-32729 | 82-0156045 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
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601 W. First Avenue, Suite 1600, Spokane, Washington | | 99201 |
(Address of Principal Executive Offices) | | (Zip Code) |
(509) 835-1500
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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:
☐ | 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(s) | | Name of each exchange on which registered |
Common Stock | | PCH | | Nasdaq |
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. ☐
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Explanatory Note
PotlatchDeltic Corporation (the “Company”) is filing this Amendment No. 1 to Current Report on Form 8-K (this “Amendment”) to amend its Current Report on Form 8-K, as originally filed with the U.S. Securities and Exchange Commission on December 6, 2019 (the “Original Form 8-K”), solely for the purpose of filing a copy of the Second Amendment to the Second Amended and Restated Term Loan Agreement and Incremental Term Loan Agreement referenced therein as Exhibit 10.1 to the Original Form 8-K and to revise the last paragraph of Item 1.01 of the Original Form 8-K and add Item 9.01 to reflect that the Second Amendment to the Second Amended and Restated Term Loan Agreement and Incremental Term Loan Agreement is being filed as an exhibit.
Except as noted above, this Amendment does not modify or update in any way the disclosures made in the Original Form 8-K.
Item 1.01Entry into a Material Definitive Agreement.
On December 2, 2019, PotlatchDeltic Corporation (the “Company”), and its wholly owned subsidiaries PotlatchDeltic Forest Holdings, Inc. and PotlatchDeltic Land & Lumber, LLC (the “Borrowers”), entered into a Second Amendment to the Second Amended and Restated Term Loan Agreement and Incremental Term Loan Agreement (as amended, the “Agreement”) with Northwest Farm Credit Services, PCA, as Administrative Agent and the Lender from time to time party thereto and the Guarantors party thereto, amending the existing Second Amended and Restated Term Loan Agreement dated as of March 22, 2018 among the Borrowers, Northwest Farm Credit Services, PCA, as Administrative Agent and the Lender from time to time party thereto and the Guarantors party thereto. Capitalized terms used and not otherwise defined herein have the meanings set forth in the Agreement.
Pursuant to the Agreement, the Borrowers borrowed a Term Loan N under the Agreement in the principal amount of $40 million, maturing on November 1, 2029, and bearing interest at a rate equal to 1-month LIBOR plus 1.85% per annum. Term Loan N replaced the Company’s Term Loan C.
The foregoing description of the Agreement is qualified in its entirety by reference to the full text of the Agreement, a copy of which is filed as Exhibit 10.1 hereto and is incorporated by reference herein.
Item 9.01Financial Statements and Exhibits.
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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.
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| PotlatchDeltic Corporation |
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Date: December 10, 2019 | By: | /s/ Michele Tyler |
| | Michele Tyler |
| | Vice President, General Counsel and Corporate Secretary |
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