Western Forest Products Further Demonstrates Its Sustainability Commitment with Closing of Sustainability-Linked Credit Facility
VANCOUVER, BC, July 21, 2021 /PRNewswire/ - Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") announced today the transition of its current Credit Facility into a $250 million Sustainability-Linked Credit Facility (the "Amended Credit Facility"), further demonstrating Western's leadership in sustainability.
- VANCOUVER, BC, July 21, 2021 /PRNewswire/ - Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") announced today the transition of its current Credit Facility into a $250 million Sustainability-Linked Credit Facility (the "Amended Credit Facility"), further demonstrating Western's leadership in sustainability.
- The pricing grid and covenant package of the Amended Credit Facility is consistent with the current Credit Facility and will provide increased flexibility for Western to execute on its strategic priorities.
- "Our Sustainability-Linked Credit Facility further demonstrates Western's strong leadership and commitment to industry leading sustainability and ESG practices," said Don Demens, President and Chief Executive Officer.
- About Western Forest Products Inc.
Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets.