By Lisa Kerner
Charlotte, N.C., Dec. 17 – Interfor Corp. placed $50 million of 4.02% senior secured notes with Prudential Capital Group.
The notes mature on June 26, 2023, according to a company news release.
The term financing will reduce Interfor’s outstanding floating-rate bank debt.
The total available credit under Interfor’s syndicated bank facilities remains at C$315 million.
Interfor is a Vancouver, B.C.-based producer of wood products.
| Issuer: | Interfor Corp.
|
| Issue: | Senior secured notes
|
| Amount: | $50 million
|
| Coupon: | 4.02%
|
| Maturity: | June 26, 2023
|
| Announced: | Dec. 17
|
| Distribution: | Private placement
|
| Purchaser: | Prudential Capital Group
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
