Canfor Pulp Products Inc. ("CPPI") (CFX:TSX) today reported it has completed a new $50 million, 5 year term loan (“the Term Loan”) with HSBC Bank Canada and Canadian Imperial Bank of Commerce to support its previously announced energy projects at its Northwood and Intercontinental pulp mills. The Term Loan matures on November 5, 2018 and has a floating rate of interest. Concurrently, CPPI also took the opportunity to extend its existing $110 million operating line of credit to January 31, 2018.
Click to download the full release »