VANCOUVER (News release) -- Interfor Corporation has closed a new and modernized credit facility with a syndicate of major banks co-led by RBC Capital Markets, TD Securities and Wells Fargo. The new facility will consolidate and replace several existing bank agreements.

"Interfor is very pleased to have the support of its long standing lending partners. In particular, we were appreciative of their perspectives and advice as we developed our roadmap for this modernized credit arrangement," said Mike Standbrook, Interfor's Vice President and Corporate Treasurer. "At December 31, 2018, Interfor had more than $500 million of available liquidity and this new facility will provide the Company with additional flexibility to pursue its strategic agenda."

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