Acadian Timber announces successful closing of term debt refinancing
Mar 02, 2011. Acadian Timber Corp. announced the successful closing of the previously announced refinancing of its Canadian and U.S. dollar denominated loan facilities on February 28, 2011. The new credit facility in the amount of $82 million is comprised of a term loan of $72 million and a $10 million revolving loan which is currently undrawn.
Mar 02, 2011. /Lesprom Network/. Acadian Timber Corp. announced the successful closing of the previously announced refinancing of its Canadian and U.S. dollar denominated loan facilities on February 28, 2011. The new credit facility in the amount of $82 million is comprised of a term loan of $72 million and a $10 million revolving loan which is currently undrawn.
Acadian Timber Corp. is a leading supplier of primary forest products in Eastern Canada and the Northeastern U.S. With a total of 2.4 million acres of land under management, Acadian is the second largest timberland operator in New Brunswick and Maine.