Interfor Corporation has completed the previously announced $100 million of long-term debt financing with Prudential Private Capital. These senior secured notes carry an average interest rate of approximately 3.30% and have a final maturity in 2030.
As a result of the transaction, Interfor’s available liquidity as of March 26, 2020 is greater than $400 million, which is comprised of cash balances and availability under its $350 million bank credit facility.
Interfor is a growth-oriented forest products company with operations in Canada and the United States.
Source: Lesprom Network