Conifex Timber reached agreement in principle to extend note maturity
Dec 04, 2012. Conifex Timber Inc. has reached an agreement in principle to extend the maturity date of its $12 million of senior secured notes to December 31, 2013, subject to final documentation and other customary conditions. The interest rate on the notes will remain unchanged, there will be a one percent extension fee and, if the Notes are repaid after June 30, 2013, they will be subject to a premium of 3.5%.
Dec 04, 2012. /Lesprom Network/. Conifex Timber Inc. has reached an agreement in principle to extend the maturity date of its $12 million of senior secured notes to December 31, 2013, subject to final documentation and other customary conditions, as the company said in a press release received by Lesprom Network.
The interest rate on the notes will remain unchanged, there will be a 1% extension fee and, if the Notes are repaid after June 30, 2013, they will be subject to a premium of 3.5%.
Conifex Timber Inc. and its subsidiaries' primary business currently includes timber harvesting, reforestation, forest management, and the manufacture, sale and distribution of its products. Conifex's lumber products are sold in the United States, Chinese, Canadian and Japanese markets.