Credit Facilities Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Interfor Corp. announced that it has closed an early renewal and expansion of its revolving credit facility with a syndicate of major Canadian and U.S. banks co-led by RBC Capital Markets, TD Securities and Wells Fargo.
The forestry company said the commitment amount under the facility has been increased by $150-million to a total of $500-million, and the term of the facility has been extended from March 2024 to December 2026. The security, covenants and pricing grid remain unchanged.
The company said the renewal includes the increased ability to secure additional long-term debt financing which will improve its ongoing financial flexibility.