UFP Industries, Inc. filed a Form 8-K on October 26, 2026, disclosing a Fifth Amendment to its Credit Agreement effective October 23, 2026, which extends its revolving credit facility maturity to 2031 and announces a planned acquisition of Apache Products, Inc.

Key Highlights

  • Maturity extended: The Fifth Amendment extends the existing $750 million revolving credit facility maturity date to October 23, 2031.
  • Sublimit increases: Swingline loan and letter of credit sublimits were each raised to $75 million.
  • No cash borrowings outstanding: As of September 26, 2026, there were no cash borrowings outstanding under the revolving credit facility.
  • Letters of credit: Approximately $42 million of letters of credit were outstanding as of September 26, 2026.
  • Interest rate structure: Cash borrowings bear interest at either the Alternate Base Rate plus 12.5 to 62.5 basis points, or Adjusted Term SOFR plus 112.5 to 162.5 basis points.
  • Acquisition announced: The company disclosed a planned acquisition of the operating assets of Apache Products, Inc., a wood pallet manufacturer in Silsbee, Texas, expected to close on or around November 16, 2026.

UFP Industries Amends Credit Agreement and Discloses Asset Acquisition

According to the filing, UFP Industries, Inc. (NASDAQ:UFPI) entered into the Fifth Amendment to its Credit Agreement on October 23, 2026, with JPMorgan Chase Bank, National Association serving as administrative agent, Wells Fargo Bank, National Association as syndication agent, and PNC Bank, National Association as documentation agent. The underlying Credit Agreement was originally dated November 1, 2018 and has been amended on multiple prior occasions.

The Fifth Amendment extends the maturity of the company's $750 million revolving credit facility to October 23, 2031, the fifth anniversary of the amendment's effective date. The filing also notes that the amendment modifies foreign currency borrowing provisions so that such borrowings are limited to swingline loans made by JPMorgan Chase Bank, N.A., in its capacity as swingline lender. The company disclosed that certain domestic subsidiaries have reaffirmed their guarantees of the company's obligations, which continue to be secured by a pledge of a portion of the equity interests of certain foreign subsidiaries.

Separately, under Item 7.01, the filing disclosed that UFP Industries issued a press release on October 26, 2026 announcing an agreement to acquire the operating assets of Apache Products, Inc., described as a wood pallet manufacturer headquartered in Silsbee, Texas. The transaction is expected to close on or around November 16, 2026, subject to customary closing conditions. The company noted that the information provided under Item 7.01, including Exhibit 99.1, is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934. The company expects to file the Fifth Amendment as an exhibit to its Annual Report on Form 10-K for the year ending December 26, 2026.

What Was Disclosed

UFP Industries reported an amendment extending its $750 million revolving credit facility to October 2031, updated sublimits and interest rate terms, no outstanding cash borrowings as of September 26, 2026, and a planned acquisition of Apache Products, Inc. assets expected to close around November 16, 2026.