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| Home : Conifex Provides El Dorado Project and Corporate Update |
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Dec 29
2016 |
Conifex Provides El Dorado Project and Corporate Update |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 28, 2016) - Conifex Timber Inc. ("Conifex") (TSX:CFF) announced today that it has received syndication lenders take-up for a new $130 million secured revolving credit facility (the "Credit Facility") being arranged by a major U.S. bank to fund the modernization and restart of its sawmill complex in El Dorado, Arkansas, as well as to replace and discharge its existing revolving credit facilities and senior notes. The Credit Facility will have a term of 5 years and be secured by substantially all of Conifex's assets (other than its bioenergy segment assets), and is scheduled to close on or about January 6, 2017. |
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| Source:http://www.marketwired.com/mw/release.do?id=2185606&sourceType=3 |
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