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Financings

Western Forest Products Enters Into New US$30 Million Bilateral Letter of Credit Facility

By The Northwire Desk — AI Analysis Sep 16, 2025 · 19:32 WEF · 12.90 WESTERN FOREST PRODUCTS INC.
WEF · Price

Executive Summary

  • Western Forest Products Inc. has amended its existing $250 million syndicated credit facility to include a new US$30 million bilateral letter of credit facility with the Royal Bank of Canada.
  • The new Bilateral Credit Facility is guaranteed by the Export Development Corporation of Canada under its Account Performance Security Guarantee program.
  • This facility is incremental to the Company’s existing credit facility, expanding its financial flexibility for operations.

Key Details

  • Facility Structure: Amendment to existing $250 million syndicated credit facility to add a new US$30 million bilateral letter of credit facility.
  • Counterparty: Royal Bank of Canada.
  • Guarantee: Guaranteed by Export Development Corporation of Canada under its Account Performance Security Guarantee program.
  • Incremental Nature: The Bilateral Credit Facility is incremental to the existing $250 million syndicated credit facility.

Notable Quotes

  • No direct quotes from the CEO or President were included in the provided text.
Read the original news release →

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