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Earnings

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

By The Northwire Desk — AI Analysis Mar 04, 2026 · 19:30 CFF · 0.11 CONIFEX TIMBER INC.
CFF · Price

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.)

Read the original news release →

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