Boise Cascade Secures $450 Million Revolving Credit Facility, Terminates Previous Agreement

BOISE, IDAHO – Boise Cascade Company (NYSE: BCC) announced it has entered into a new $450 million revolving credit agreement with JPMorgan Chase Bank and other lenders, effective April 14, 2025. The facility includes a $45 million swingline and a $75 million letter of credit sub-facility, with maturity set for April 14, 2030.

Under the agreement, $50 million was borrowed at closing to repay a prior term loan. The facility is secured by most company assets, though the lien can be released upon achieving investment grade credit ratings from two major rating agencies.

Simultaneously, Boise Cascade terminated its previous credit agreement from 2015, which included a $400 million revolver and a $50 million term loan. Outstanding letters of credit were transferred, and no penalties were incurred.

Interest rates on the new facility will vary based on the company's leverage ratio and selected benchmark rates.