Interfor Renews and Extends Its Credit Facilities with Enhanced Financial Flexibility

INTERFOR CORPORATION (“Interfor” or the “Company”) announced 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. and its affiliates.   

At June 30, 2025, Interfor was fully compliant with all of its financial covenants, had a reported net debt to capitalization ratio of 35.6% and had just over C$330 million of available liquidity on a pro forma basis under the new facilities. This ample available financial capacity, combined with the additional flexibility provisions, will allow Interfor to pursue its strategic agenda and better navigate potential market volatility in the near-term.

About Interfor

Interfor is a growth-oriented forest products company with operations in Canada and the United States. The Company has annual lumber production capacity of approximately 4.7 billion board feet and offers a diverse line of lumber products to customers around the world. For more information about Interfor, visit our website at www.interfor.com.

Contact:

Richard Pozzebon – Executive Vice President and Chief Financial Officer – (604) 422-3400

Source: Interfor Corporaiton