Bullboard - Stock Discussion Forum Interfor Corp T.IFP

Alternate Symbol(s): IFSPF

Forest Products Lumber & Wood Production

Interfor Corporation is a Canada-based forest products company. The Company and its subsidiaries produce wood products in Canada and the United States for sale to markets around the world. It operates through the solid wood products segment. The Company’s product categories include Dimension Lumber, Specialty Lumber and Engineered Wood Products. Its products include Spruce-Pine-Fir, Douglas Fir... see more

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TSX:IFP - Post Discussion

Interfor Corp > Credit Facilities

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Post by retiredcf on Dec 20, 2021 9:11am

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.

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