Interfor Announces Closing of $144 Million Bought Deal Offering of Common Shares Including Concurrent Exercise of Over-Allotment Option

Executive Summary

• Interfor Corporation closed its previously announced bought‑deal treasury offering, raising approximately $143.75 million in gross proceeds.
• The underwriters fully exercised the over‑allotment option, issuing a total of 14,303,470 common shares at $10.05 per share.
• Net proceeds will be used to pay down existing indebtedness and for general corporate purposes.

Key Details

• Offering Structure: Bought‑deal treasury offering with an over‑allotment option.
• Underwriters: Syndicate led by RBC Capital Markets and Scotiabank.
• Over‑Allotment Exercise: 1,865,670 additional common shares purchased at $10.05 per share.
• Total Shares Issued: 14,303,470 common shares (including over‑allotment).
• Gross Proceeds: Approximately $143.75 million.
• Use of Net Proceeds: Primarily to reduce existing debt and for general corporate purposes.

Notable Quotes

(No executive quotes were provided in the release.)