Jun 24, 2005. /Lesprom Network/. Tembec announced that its wholly owned subsidiary Spruce Falls Inc. has put in place a new working capital loan facility with a group of lenders effective June 29, 2005. The Toronto-Dominion bank will act as administrative agent and TD securities as lead arranger and book manager for the syndicate of lenders. The loan facility is a three-year committed revolving line of $190 million and will help ensure that Tembec will continue to have the financial resources and liquidity it requires. The syndicate includes several Canadian banks that have supported Tembec in the past as well as a new lender from the US. The new facility replaces a $100 million operating line that had been renewed annually since 2002. Tembec is a leading integrated forest products company, well established in North America and France. With sales of approximately $4 billion and some 11,000 employees, it operates 50 market pulp, paper and wood product manufacturing units, and produces chemicals from by-products of its pulping process. Tembec markets its products worldwide and has sales offices in Canada, the United States, the United Kingdom, Switzerland, China, Korea, Japan, and Chile. The company also manages 40 million acres of forest land in accordance with sustainable development principles and has committed to obtaining Forest Stewardship Council (FSC) certification for all forests under its care by the end of 2005.