Western Forest Products Inc. has entered into a new $250 million syndicated credit facility. The credit facility matures on August 1, 2022 and includes an accordion feature of $100 million.
The credit facility replaces Western’s existing $125 million revolving credit facility and $110 million revolving term loan facility, which would have matured in December 2018 and June 2019, respectively. The credit facility will be used for general corporate purposes, and has terms consistent with current market standards.
Western Forest Products Inc. is an integrated Canadian forest products company and the largest coastal British Columbia timberlands operator and lumber producer.
Source: Lesprom Network