UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
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Item 8.01. Other Events.
Effective August 10, 2020, pursuant to the Note Purchase and Private Shelf Agreement among UFP Industries, Inc. (f/k/a Universal Forest Products, Inc.) (the “Company”) and PGIM, Inc. (“Prudential"), the Initial Purchasers named in the Purchaser Schedule attached thereto and each Prudential Affiliate which becomes party thereto (the "Agreement", and "Private Shelf Facility"), the Company issued the notes in the following tranches: 3.04% notes, due August 10, 2032, in the aggregate principal amount of $50 million; 3.08% notes, due August 10, 2033, in the aggregate principal amount of $50 million; and 3.15% notes, due August 10, 2035, in the aggregate principal amount of $50 million. The proceeds from the issuance will primarily be used to fund investments to achieve growth initiatives. The Agreement was amended on March 29, 2018, to increase the size of the Private Shelf Facility from $150,000,000 to $300,000,000. There is no remaining availability under the Private Shelf Facility.
Item 9.01. Exhibits.
Exhibits
99.1 | |
104 | Cover Page Interactive File (the cover page XBRL tags are embedded in the Inline XBRL document). |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Dated: August 11, 2020 | UFP INDUSTRIES, INC. | |
(Registrant) | ||
By: | /s/ Michael R. Cole | |
Michael R. Cole | ||
Principal Financial Officer and Treasurer |
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