|
| Home : Conifex Announces Closing of $130 Million Secured Revolving Credit Facility |
|
Jan 10
2017 |
Conifex Announces Closing of $130 Million Secured Revolving Credit Facility |
|
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 9, 2017) - Conifex Timber Inc. ("Conifex") (TSX:CFF) announced today that it has completed its previously announced $130 million secured revolving credit facility (the "Facility") with a syndicate of institutional lenders arranged and led by Wells Fargo Capital Finance Corporation Canada. The Facility is available for a term of 5 years and is secured by substantially all of Conifex's assets (other than its bioenergy segment assets). The Facility will bear interest at CDOR or LIBOR plus a margin of between 2.5% and 3.0%, depending upon Conifex's leverage ratio. |
|
|
|
| Source:http://www.marketwired.com/mw/release.do?id=2187093&sourceType=3 |
| |
|
Related News
|
» Gem International Arranges Private Placement
» Chemtrade Logistics Income Fund Announces C$400 Million Bought Deal Financing
|
|
|
