UFP Industries: Extends $750,000,000 revolving credit facility to Oct 23, 2031

What happened

• Effective Oct 23, 2026, UFP Industries, Inc. entered into a Fifth Amendment to Credit Agreement (the "Fifth Amendment") that amends its existing Credit Agreement dated Nov 1, 2018. The Fifth Amendment extends the maturity date of the Company's $750,000,000 revolving credit facility to Oct 23, 2031 and increases certain sublimits.
• On Oct 26, 2026, UFP Industries, Inc. issued a press release announcing its entry into an agreement to acquire the operating assets of Apache Products, Inc., a wood pallet manufacturer headquartered in Silsbee, Texas; the transaction is expected to close on or around Nov 16, 2026.

Key details

• The Fifth Amendment extends the $750,000,000 revolving credit facility maturity to Oct 23, 2031 and increases the sublimits for swingline loans and letters of credit to $75,000,000 each.
• The amendment limits foreign currency borrowings to swingline loans made by JPMorgan Chase Bank, N.A., in its capacity as swingline lender.
• As of Sep 26, 2026, there were no cash borrowings outstanding under the facility and approximately $42,000,000 of letters of credit outstanding.
• Cash borrowings bear interest at either Alternate Base Rate plus a margin of 12.5 to 62.5 basis points or Adjusted Term SOFR plus a margin of 112.5 to 162.5 basis points; the facility fee ranges from 12.5 to 25.0 basis points and is determined by the Company's adjusted leverage ratio. Certain domestic subsidiaries reaffirmed guarantees and the obligations remain secured by a pledge of a portion of the equity interests of certain foreign subsidiaries.

Why it may matter

• The filing reports Item 1.01 (entry into a material definitive agreement) describing the Fifth Amendment to the Credit Agreement, Item 2.03 (creation of a direct financial obligation), and Item 7.01 (Regulation FD disclosure) for the press release about the Apache Products asset acquisition. The filing does not show why the insider traded or why the company acted.