Aug 13, 2014. /Lesprom Network/. Potlatch Corporation announced the closing of an amended and restated $250 million Senior Unsecured Revolving Credit Facility with a syndicate of financial institutions led by KeyBanc Capital Markets, Inc. and Bank of America Merrill Lynch. The credit agreement matures in February 2020 and includes an optional increase in the aggregate commitment of up to an additional $250 million, subject to certain conditions. No amounts were outstanding under the prior agreement, as the company said in the press release received by Lesprom Network.

"We are pleased to secure improved pricing and other terms that reflect Potlatch's status as an investment-grade issuer," said Jerry Richards, Potlatch Corporation Vice President and CFO. "The amended credit facility provides us the flexibility and liquidity necessary to operate the business into 2020."

Terms and conditions of the credit facility will be described in the company's filings with the Securities and Exchange Commission.

Potlatch is a Real Estate Investment Trust (REIT) with approximately 1.4 million acres of timberland in Arkansas, Idaho and Minnesota.