Louisiana-Pacific amends credit facility, raising revolver to $750 million from $550 million
Louisiana-Pacific entered into a First Amendment to its senior secured revolving credit agreement on March 26, 2025. The amendment increases the facility to $750 million from $550 million and extends its maturity to March 26, 2032, while changing interest rates, fees and a capitalization ratio covenant.
Key points
- Revolving facility increased from $550 million to $750 million; letter of credit sub-limit raised from $60 million to $75 million
- Maturity extended to March 26, 2032
- Borrowings priced at base rate plus 0.6% to 1.6%, or Term SOFR plus 1.6% to 2.6%, based on the EBITDA-to-cash-interest ratio
- Capitalization ratio covenant set at no more than 65% at each fiscal quarter end
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 28, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.