This financing will aid the company's Euro 1 billion investment in the Oulu mill in Finland.
Kredite
The loan is to be used for general working capital purposes.
A portion of the term loan was utilized to repay and retire Conifex's existing lumber segment credit facility with Wells Fargo Capital Finance Corporation Canada in the amount of approximately $11 million. The balance of the Term Loan will be available for working capital and general corporate purposes.
Rate influenced by weaker-than-expected jobs report.
30-year fixed-rate reaches 7.17%.
Atlas Engineered Products has secured its first large wall panel order out of its Atlas Building Systems location in Nanaimo, British Columbia and has already begun manufacturing and shipping for this project.