Conifex Timber Inc. has amended its principal asset-backed revolving line of credit with a Canadian chartered bank to increase its borrowing availability to $35 million from $25 million and extend its maturity date to January 29, 2019.

Conifex Timber increases its revolving line of credit to $35 million and extends maturity to 2019

12:03 / 二月 1, 2016

Feb 01, 2016. /Lesprom Network/. Conifex Timber Inc. has amended its principal asset-backed revolving line of credit with a Canadian chartered bank to increase its borrowing availability to $35 million from $25 million and extend its maturity date to January 29, 2019, as the company said in the press release received by Lesprom Network.

Kenneth A. Shields, Chairman and CEO of Conifex, stated: "We are pleased to successfully extend and increase the amount of our principal credit facility. It provides us with greater flexibility and liquidity for our solid wood business as we strive to enhance value for our stakeholders."

Conifex Timber Inc. and its subsidiaries' primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing and distribution.

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Conifex Timber increases its revolving line of credit to $35 million and extends maturity to 2019

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