Dec 19, 2014. /Lesprom Network/. Interfor has completed a $50 million term debt financing with Prudential Capital Group. The senior secured notes will carry an annual interest rate of 4.02% and have a final maturity of June 26, 2023. This term financing will reduce the Company's outstanding floating rate bank debt. The total available credit under the Company's syndicated bank facilities remains at C$315 million, as Interfor said in the press release received by Lesprom Network.

"This transaction is a very important step for Interfor, as it allows the Company to extend its debt maturities and to take advantage of historically low interest rates," said John Horning, Executive Vice President and CFO.

"We are excited to continue building on our relationship with Interfor, a company we view as one of the leaders in the forest products industry," said David Levine, Vice President, Prudential Capital Group. "We have forged a strong relationship with Interfor over the years, and are very pleased to be able to provide additional long-term capital to support the company's growth strategy."

Interfor is a growth-oriented lumber company with operations in Canada and the United States. The Company has annual production capacity of 2.4 billion board feet and offers one of the most diverse lines of lumber products to customers around the world.