Company: LPX
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000060519-25-000005
Chunk: 94

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 94
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20275 20284 20293 2030 and thereafter7 Total lease payments35 Less: Interest (3)Present value of lease liabilities$32 

69

10.    LONG-TERM DEBT

December 31, 2024December 31, 2023(Dollars in millions)Interest RatePrincipalUnamortized Debt CostsTotalPrincipalUnamortized Debt CostsTotalDebentures:Senior unsecured notes, maturing 2029, interest rates fixed3.625%$350 $(2)$348 $350 $(3)$347 Amended Credit Facility, maturing 2028, interest rates variable varies— — — — — — Total350 (2)348 350 (3)347 Less: current portion— — — — Long-term portion$350 $(2)$348 $350 $(3)$347 Senior NotesIn March 2021, we issued $350 million of 3.625% Senior Notes due in 2029 (2029 Senior Notes). We may redeem the 2029 Senior Notes, in whole or in part, prior to March 15, 2024, at a redemption price equal to 100% of the principal amount thereof plus a “make-whole” premium set forth in the indenture governing our 2029 Senior Notes, plus accrued and unpaid interest, if any, to, but not including, the date of redemption. Since March 15, 2024, we have had the option, on one or more occasions, to redeem all or any portion of these notes at the redemption prices set forth in the indenture governing the 2029 Senior Notes, plus accrued and unpaid interest, if any, to, but not including, the date of redemption. The indenture governing the 2029 Senior Notes contains certain covenants that, among other things, limit our ability to grant liens to secure indebtedness, engage in sale and leaseback transactions, merge or consolidate or sell all or substantially all of our assets. If we are subject to a "change of control," as defined in the indenture governing our 2029 Senior Notes, we are required to offer to repurchase the 2029 Senior Notes at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, thereon to, but not including, the date of purchase. The indenture governing