Interfor Corporation has closed an early renewal and extension of its $265 million credit facility, with its syndicate of major Canadian banks led by RBC Capital Markets. The facility has been extended by over two years from the current maturity date of February, 2017 to a new maturity date of May, 2019.

Interfor renews and extends its credit facility to May 2019

11:46 / February 10, 2016

Feb 10, 2016. /Lesprom Network/. Interfor Corporation has closed an early renewal and extension of its $265 million credit facility, with its syndicate of major Canadian banks led by RBC Capital Markets, as the company said in the press release received by Lesprom Network.

The facility has been extended by over two years from the current maturity date of February, 2017 to a new maturity date of May, 2019.

The new facility is for the same commitment amount, security and pricing grid as the existing facility. In addition, the renewal includes a number of improved provisions that will enhance the Company's ongoing financial flexibility and liquidity.

At September 30, 2015, Interfor had $103 million of available liquidity as defined under the previous bank agreements, and this availability will be increased by approximately $24 million on a pro forma basis, under the new provisions.

Interfor is a growth-oriented lumber company with operations in Canada and the United States.

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Interfor renews and extends its credit facility to May 2019

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