Interfor closes $143.75-million offering

Executive Summary

• Interfor Corp. closed a bought‑deal offering of common shares, raising approximately $143.75 million in gross proceeds.
• The underwriters fully exercised the overallotment option, issuing an additional 1,865,670 shares at $10.05 per share, for a total of 14,303,470 shares sold.
• Net proceeds will be used to repay existing debt and fund general corporate purposes.

Key Details

• Offering Size: Gross proceeds of ~ $143.75 million.
• Share Count: 12,437,800 shares initially offered + 1,865,670 overallotment shares = 14,303,470 common shares issued.
• Pricing: Offering price of $10.05 per share (including overallotment).
• Underwriters: Syndicate led by RBC Capital Markets and Scotiabank; full exercise of the overallotment option.
• Use of Proceeds: Primarily to pay down existing indebtedness; remainder for general corporate purposes.

Notable Quotes

(No quotes were provided in the release.)