Western Forest Products extends revolver to 2019, lowers interest rate

By Angela McDaniels

Tacoma, Wash., Aug. 28 – Western Forest Products Inc. finalized an agreement to extend its C$110 million revolving term loan facility to June 29, 2019 from June 29, 2017, according to a company news release.

In addition, some restrictive covenants have been removed from the credit agreement and the effective interest rate has been reduced.

Western is a forest products company based in Vancouver, B.C.

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