LP amends credit agreement
Louisiana-Pacific Corp. has amended its 2009 revolving credit agreement with its lenders and Bank of America, the administrative agent, to release the liens on certain assets of the company and its subsidiaries. These include liens on all equipment and real estate of the Nashville, Tenn.-based company and its domestic subsidiaries.
The new agreement increases the company's flexibility to grant liens on, and dispose of, certain assets, including equipment and real estate, according to a July 11 filing with the Securities and Exchange Commission.
Louisiana-Pacific is one of the industry’s leading suppliers of oriented strand board and other building materials.