West Fraser enters into $150 million committed revolving credit facility - Global Paper Money

Click here for Pulp & Paper Radio International

The Paperitalo Library

The Paperitalo Library

White Papers/Downloads

PM 40 Companies

Cellulose Community

Paperitalo Resources

Paperitalo Supplier Directory

onlyPulpandPaperJobs.com

The Paperitalo Library

Inside PaperMoney

Paperitalo/Media Kit

Nip Impressions

Departments

Disconnected Comparisons

Insider Trading

Current News

Culture & Marketing

Corporate Finance

Labor & Union Actions

Major Expenditures

Market News of Note

Mergers & Acquisitions

Major Announcements

Operations Announcements

Facility Closures/Reductions

In Closing

Reference Library

AM Best Insurance News

Delaware Chancery Court

Fiduciary Developments

ICC News and Proceedings

Key Interest Rates

WTO News and Proceedings

Member Options

About Paper Money

West Fraser enters into $150 million committed revolving credit facility

CANADA (News release) -- West Fraser Timber has obtained from a syndicate of lenders an additional $150 million committed revolving credit facility. This committed facility has a term of two years and is made available on substantially the same terms and conditions as the company's existing syndicated revolving credit facility from certain lenders that are part of that syndicate. The facility can be used for general corporate purposes.

"Our strong balance sheet and additional liquidity further strengthens our ability to weather the impacts of the COVID-19 pandemic. Our low cost manufacturing operations, coupled with our product and geographic diversification leaves us well positioned," said Ray Ferris, President and CEO of West Fraser.

As at March 31, 2020, West Fraser's total available liquidity, consisting of cash on hand and availability under its revolving credit facilities, was approximately $294 million, and, taking into account the availability of the new $150 million revolving credit facility as of such date, would have been approximately $444 million.

West Fraser is a diversified wood products company producing lumber, LVL, MDF, plywood, pulp, newsprint, wood chips, other residuals and energy with facilities in western Canada and the southern United States.

Related Articles:

West Fraser and Mercer Announce Dissolution of Cariboo Pulp and Paper Joint Venture

West Fraser Timber confirms Perry, Florida Sawmill has closed

B.C.'s West Fraser Timber, Lake Babine First Nation combine tenure

New owners will use Hinton pulp mill to make sustainable packaging

OHS investigating workplace death at West Fraser Timber Slave Lake pulp mill

Members Ratify WestRock Contract: New Master Agreement Covers 5,500 Paperworkers in 24 States

West Fraser Timber permanently closing Fraser Lake, B.C. facility

Mondi completes acquisition of Hinton Pulp mill

West Fraser to close one sawmill, curtail another due to high costs and soft markets

West Fraser adds incoming CEO McLaren as director

Login and voice your opinion!

Our Sponsors

Copyright © and Trademark PaperMoney ® 2006-2024 All Rights Reserved

A Paperitalo Publication/The Home of your Prospects (TM)

Copyright Statement | Privacy Statement | Terms of Service

Powered by Bondware

News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: