Aug 17, 2007. /Lesprom Network/. Tenon announced on August 17, 2007 that it had completed the refinancing of its group operations with a banking syndicate in the United States. The new $100 million 5-year facility, led by JPMorgan Chase, includes all the banks which previously had banking relationships with the Tenon Group. Commenting on the refinancing and the new facility, group chief executive Mark Eglinton said “Having this long term facility in place provides the Tenon Group with the financial stability and funding flexibility to meet our operational and strategic needs moving forward. That we have been able to secure this refinancing on good terms in difficult financial market conditions, is reflective of the market positioning of Tenon and the strong relationships with the banks that have supported us for many years. We are very pleased with the outcome.” Tenon produces, markets and distributes a wide range of solid appearance grade wood products to core markets in the United States, New Zealand, and Asia.