BOISE CASCADE Co
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
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Financial Instruments
The table below provides information as of December 31, 2024, about our financial instruments that are sensitive to changes in interest rates. The table presents principal cash flows and related weighted average interest rates by expected maturity dates. For obligations with variable interest rate sensitivity, the table sets forth payout amounts based on December 31, 2024 rates and does not attempt to project future rates.
| 2025 · 2026 · 2027 · 2028 · 2029 · There- after · Total · Fair Value (b) | ||||||||
|---|---|---|---|---|---|---|---|---|
| (millions, other than percentages) | ||||||||
| Long-term debt | ||||||||
| Fixed-rate debt payments (a) | ||||||||
| Senior Notes | $— | $— | $— | $— | $— | $400.0 | $400.0 | $377.0 |
| Average interest rates | — | — | — | — | — | 4.875% | 4.875% | — |
| Variable-rate debt payments (a) | ||||||||
| Term Loan | $— | $— | $50.0 | $— | $— | $— | $50.0 | $50.0 |
| Average interest rates | — | — | 5.2% | — | — | — | 5.2% | — |
(a) These obligations are further explained in Note 8, Debt, of the Notes to Consolidated Financial Statements in "Item 8. Financial Statements and Supplementary Data" of this Form 10-K. The table assumes our long-term debt is held to maturity.
(b) We estimated the fair value using quoted market prices of our debt in inactive markets.
The table below provides information as of December 31, 2024, about our interest rate swap. For information on our interest rate swap, see "Interest Rate Risk" of Note 14, Financial Instrument Risk, of the Notes to Consolidated Financial Statements in "Item 8. Financial Statements and Supplementary Data" of this Form 10-K. The following is information about the notional amount and interest rate by contractual maturity date for our interest rate swap agreement, as well as the fair value at December 31, 2024:
| 2025 · 2026 · 2027 · 2028 · 2029 · There- after · Total · FairValue | ||||||||
|---|---|---|---|---|---|---|---|---|
| (millions, other than percentages) | ||||||||
| Interest rate swap | ||||||||
| Variable to fixed notional amount | $50.0 | $— | $— | $— | $— | $— | $50.0 | $0.9 |
| Average pay rate (a) | 0.4% | — | — | — | — | — | 0.4% | — |
| Average receive rate (b) | 4.5% | — | — | — | — | — | 4.5% | — |
(a) Represents the weighted average actual fixed interest rate payable on our interest rate swap.
(b) Represents the weighted average variable interest rate receivable on our interest rate swap at December 31, 2024.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.