CLEARWATER PAPER CORP: Entering into a Material Definitive Agreement, Creating a Direct Financial Obligation or Obligation Under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (Form 8-K)



Item 1.01. Conclusion of a significant definitive agreement

Amendment to the ABL credit agreement

On November 7, 2022, Clearwater Paper Corporationa Delaware company (the “Company”) entered into an amendment (the “Addendum”) to its ABL credit agreement dated July 26, 2019between the Company, as borrower, the various lenders from time to time parties thereto and JPMorgan Chase Bank, North America., as administrative agent (as amended, the “ABL Credit Agreement”). Pursuant to the Amendment, among other things, the maximum lenders’ commitment (subject to borrowing base limits) under the ABL Credit Agreement is increased from
$250 million at $275 millionthe due date has been extended to November 7, 2027
and provisions were added to replace LIBOR with a rate based on SOFR as one of the benchmark rates at which loans under the ABL Credit Agreement may bear interest.

The foregoing description of the ABL Credit Agreement is qualified in its entirety by reference to the Amendment, which is attached hereto as Schedule 10.1, and which is incorporated by reference herein.

Item 2.03 Creation of a direct financial obligation or an obligation under an off-balance sheet arrangement

The information set forth in Section 1.01 of this Form 8-K is incorporated by reference herein in its entirety.

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Item 9.01. Financial statements and supporting documents

(d) Exhibit Index
Exhibit           Description
                    Third Amendment to the ABL Credit Agreement, dated November 7, 2022, by and
                  among JPMorgan Chase Bank, N.A., as administrative agent, and the lender
10.1              parties thereto, and Clearwater Paper Corporation.

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