Interfor Renews and Extends Its Credit Facilities with Enhanced Financial Flexibility

BURNABY, British Columbia, July 28, 2025 (GLOBE NEWSWIRE) -- INTERFOR CORPORATION ("Interfor" or the "Company") (TSX:IFP) announced today that it recently closed an early renewal and extension of its revolving credit facility with its syndicate of major Canadian and U.S. banks. The commitment amount under the facility was renewed at approximately C$560 million, and the maturity of the facility has been extended from December 2026 to July 2029.

The renewal includes several improved provisions that will enhance the Company's financial flexibility, including a higher threshold as to when a minimum EBITDA interest coverage ratio covenant may apply.

In addition, Interfor also renewed its private shelf note purchase agreement with PGIM Inc., the principal asset management business of Prudential Financial. The shelf note purchase agreement is valid until July 2028 and allows the Company to issue up to US$550 million of senior secured notes. At June 30, 2025, Interfor had approximately US$450 million of senior secured notes outstanding with PGIM Inc. ...