Taiga Announces New Credit Facility
December 21 2022 - 5:00PM
PR Newswire (Canada)
BURNABY,
BC, Dec. 21, 2022 /CNW/ - Taiga Building
Products Ltd. ("Taiga" or the "Company") (TSX: TBL) announces that
it has entered into a new $250
million senior secured revolving credit facility (the
"Facility") with a syndicate of lenders led by the Bank of
Montreal and including Scotiabank,
Bank of America, TD Bank and CIBC. The Facility will mature
on December 20, 2027 and is secured
by a first perfected security interest in all real and personal
property of the Company and certain of its subsidiaries.
Russ Permann, President and Chief
Executive Officer of Taiga, commented: " We're very proud of the
relationship we've built with our senior lenders. This credit
facility renewal is a reflection of the strength of our enterprise
and will support us in our pursuits in the coming months and
years."
SOURCE Taiga Building Products Ltd.
Copyright 2022 Canada NewsWire
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