Potlatch borrows $27.5 million additional term loan via amendment

By Wendy Van Sickle

Columbus, Ohio, March 2 – Potlatch Corp. and subsidiaries Potlatch Forest Holdings, Inc. and Potlatch Land & Lumber, LLC borrowed an additional $27.5 million term loan on Monday via an amendment to their existing term loan dated Dec. 14, 2014 with Northwest Farm Credit Services, PCA, according to an 8-K filing with the Securities and Exchange Commission.

The new term loan bears interest at Libor plus 215 basis points and matures Feb. 1, 2026.

Proceeds will be used to refinance existing debt.

Potlatch is a Spokane, Wash.-based real estate investment trust that owns timberland in Arkansas, Idaho and Minnesota.

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