SEC Contract Filing

Filing Date: 2020-05-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.A
<SEQUENCE>2
<FILENAME>pch-ex10a_131.htm
<DESCRIPTION>EX-10.A
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10(a)</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">Execution Version</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">THIRD AMENDMENT TO SECOND AMENDED AND RESTATED TERM LOAN AGREEMENT </p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">THIS THIRD AMENDMENT TO SECOND AMENDED AND RESTATED TERM LOAN AGREEMENT (this &#8220;<font style="text-decoration:underline;">Amendment</font>&#8221;) dated as of April 14, 2020 is by and among <font style="font-weight:bold;">POTLATCHDELTIC CORPORATION</font>, a Delaware corporation (&#8220;<font style="text-decoration:underline;">PotlatchDeltic</font>&#8221;), <font style="font-weight:bold;">POTLATCHDELTIC FOREST HOLDINGS, INC.</font>, a Delaware corporation (&#8220;<font style="text-decoration:underline;">Potlatch Forest</font>&#8221;) and <font style="font-weight:bold;">POTLATCHDELTIC LAND &amp; LUMBER, LLC</font>, a Delaware limited liability company and a taxable REIT subsidiary of PotlatchDeltic (&#8220;<font style="text-decoration:underline;">Potlatch Land &amp; Lumber</font>&#8221;, and, together with PotlatchDeltic and Potlatch Forest, the &#8220;<font style="text-decoration:underline;">Borrowers</font>&#8221;), the Guarantors party hereto, the Lenders identified on the signature pages hereto and <font style="font-weight:bold;">NORTHWEST FARM CREDIT SERVICES, PCA,</font> as Administrative Agent (in such capacity, the &#8220;<font style="text-decoration:underline;">Administrative Agent</font>&#8221;).</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">W I T N E S S E T H</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, term loan facilities have been established in favor of the Borrowers pursuant to the terms of that certain Second Amended and Restated Term Loan Agreement dated as of March 22, 2018 (as amended, restated, modified or supplemented from time to time, the &#8220;<font style="text-decoration:underline;">Term Loan Agreement</font>&#8221;) among the Borrowers, the guarantors from time to time party thereto (the &#8220;<font style="text-decoration:underline;">Guarantors</font>&#8221;), the Lenders from time to time party thereto (the &#8220;<font style="text-decoration:underline;">Lenders</font>&#8221;) and the Administrative Agent; and</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Lenders have requested certain modifications to the Term Loan Agreement, and the Borrowers and all of the Required Lenders have agreed to the requested modifications on the terms set forth herein. </p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE, IN CONSIDERATION of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.<font style="margin-left:36pt;"></font><font style="text-decoration:underline;">Defined Terms</font>.&nbsp;&nbsp;Capitalized terms used herein but not otherwise defined herein shall have the meanings provided to such terms in the Term Loan Agreement.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.<font style="margin-left:36pt;"></font><font style="text-decoration:underline;">Amendment</font>.&nbsp;&nbsp;Subject to the satisfaction of the conditions precedent set forth in Section 3 hereof, the Term Loan Agreement is he