Conifex Timber Secures $19M BDC Term Loan Under Softwood Lumber Guarantee Program

Reuters03-05 08:30

Conifex Timber Secures $19M BDC Term Loan Under Softwood Lumber Guarantee Program

Conifex Timber Inc. said its wholly owned subsidiary, Conifex Mackenzie Forest Products Inc., completed a $19 million secured term loan with the Business Development Bank of Canada under the Softwood Lumber Guarantee Program. The loan matures July 15, 2033, carries interest at BDC’s floating base rate minus 0.60% per year, allows interest-only payments until August 2028, and is secured by Conifex’s lumber business assets. Conifex said part of the proceeds repaid a bridge advance from its existing senior secured timber lender, with the remaining funds available for working capital and general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Conifex Timber Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603041930PRIMZONEFULLFEED9666185) on March 05, 2026, and is solely responsible for the information contained therein.

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