WEYERHAEUSER CO
For the period ended Jun 30, 2025. Filed Jul 25, 2025.
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Jun 30, 2025 · Filed Jul 25, 2025
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LONG-TERM DEBT AND LINE OF CREDIT
NOTE 8: LONG-TERM DEBT AND LINE OF CREDIT
Long-term Debt
During first quarter 2025, we repaid our $139 million 8.50 percent debentures andour $71 million 7.95 percent debentures at maturity. We also entered into a $300 million senior unsecured term loan that will mature in April 2030. Net proceeds after fees were $299 million. 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.
Line of Credit
In June 2025, we amended and restated our senior unsecured revolving credit facility to extend the expiration date to June 2030, while increasing borrowing capacity from $1.5 billion to $1.75 billion. Borrowings will bear interest at a floating rate based on either the adjusted term SOFR plus a spread or a mutually agreed upon base rate plus a spread. We hadno outstanding borrowings on our revolving credit facility as of June 30, 2025 or December 31, 2024.
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