WEYERHAEUSER CO
For the period ended Sep 30, 2024. Filed Oct 25, 2024.
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Sep 30, 2024 · Filed Oct 25, 2024
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LONG-TERM DEBT AND LINE OF CREDIT
NOTE 8: LONG-TERM DEBT AND LINE OF CREDIT
In July 2023, we repaid $118 million of our 7.125 percent notes at maturity.
In May 2023, we completed an offering of debt securities by issuing $750 million of 4.750 percent notes due in May 2026. The net proceeds after deducting the discount, underwriting fees and issuance costs were $743 million.
In March 2023, we refinanced and extended our $1.5 billion five-year senior unsecured revolving credit facility, which expires in March 2028. Borrowings will bear interest at a floating rate based on either the adjusted term Secured Overnight Financing Rate (SOFR) plus a spread or a mutually agreed upon base rate plus a spread. We hadno outstanding borrowingson our credit facility as of September 30, 2024 and December 31, 2023.
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