Taiga Building Products to refinance 14% notes due 2020

New York, Aug. 9 – Taiga Building Products Ltd. plans to refinance its 14% subordinated notes due 2020, according to a news release.

The debt becomes callable at par on Sept. 1, the company said.

A special committee of independent directors will be established to oversee the process.

The company said that its review of alternatives will include options to “redeem, repurchase, refinance or restructure” the notes.

Taiga Building Products is a Burnaby, B.C., wholesale distributor of building products.

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