Conifex Announces Secured Term Loan with BDC under the Softwood Lumber Guarantee Program

Executive Summary

• Conifex Timber’s subsidiary secured a $19 million term loan from BDC under the Softwood Lumber Guarantee Program, with interest‑only payments until August 2028 and maturity in July 2033.
• The loan partially repaid an existing bridge advance and the remaining funds are earmarked for working capital and general corporate purposes.
• Conifex announced the restart of its sawmill, targeting two‑shift operations in H2 2026, and will release its Q4 2025 results on March 13, 2026 with a scheduled conference call.

Key Details

• Loan Amount & Structure: $19 million secured term loan; interest rate = BDC floating base rate – 0.60% per annum.
• Maturity & Payment Terms: Matures July 15, 2033; interest‑only payments permitted until August 2028.
• Security: Loan secured by Conifex’s lumber business assets.
• Use of Proceeds:
• Repayment of bridge advance to existing senior secured timber lender (partial).
• Remaining balance available for working capital and general corporate purposes.
• Operational Update:
• Sawmill successfully restarted in February 2026.
• Company expects to achieve normalized, two‑shift operations in the second half of 2026, subject to fibre supply conditions.
• Earnings Release Announcement:
• Q4 2025 results will be released before market open on Friday, March 13, 2026.
• Conference call scheduled for 8:00 AM PT / 11:00 AM ET on the same day; toll‑free number 1‑877‑883‑0383, Access ID 4333506.
• Contact: Trevor Pruden, Chief Financial Officer – (604) 216‑2949.

Notable Quotes

(No direct quotes provided in the release.)