West Fraser Credit Facility and Term Loan Renewals Increase Liquidity

Rhea-AI Summary

West Fraser Timber (NYSE: WFG) has strengthened its financial position by renewing and expanding its credit facilities. The company renewed its $1 billion credit facility, extending its maturity from July 2028 to May 2030 under similar terms. Additionally, West Fraser increased its term loan from $200 million to $300 million and extended its maturity from July 2025 to May 2028. CEO Sean McLaren highlighted that the company ended Q1 2025 with over $1.4 billion in available liquidity, and these renewed facilities further enhance their near-term liquidity and financial flexibility.

Positive

• Renewal and extension of $1 billion credit facility to May 2030
• Term loan increased by $100 million to $300 million
• Strong liquidity position with over $1.4 billion available
• Enhanced financial flexibility with extended debt maturities

Negative

• None.

VANCOUVER, BC, June 2, 2025 /PRNewswire/ - Today, West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) announced it has entered into a syndicated credit agreement providing for the renewal of its $1 billion credit facility and extension of the facility's maturity from July 2028 to May 2030. The renewed credit facility is undrawn and is made available on substantially the same terms and conditions as the Company's existing credit facility. Additionally, the Company has increased and extended its existing $200 million term loan maturing July 2025. The new term loan is for $300 million and matures May 2028.  

"We exited the first quarter of 2025 with more than $1.4 billion of available liquidity, and with this renewed credit facility and expanded term loan we have further strengthened West Fraser's near-term liquidity and financial flexibility," said Sean McLaren, President and CEO, West Fraser.

About West Fraser 

West Fraser is a diversified wood products company with more than 50 facilities in Canada, the United States, the United Kingdom, and Europe, which promotes sustainable forest practices in its operations. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, and other residuals. West Fraser's products are used in home construction, repair and remodelling, industrial applications, papers and tissue. For more information about West Fraser, visit www.westfraser.com. 

For More Information
Media Contact
Joyce Wagenaar
Director, Communications
Tel. (604) 817-5539
media@westfraser.com

Investor Contact
Robert B. Winslow, CFA
Director, Investor Relations & Corporate Development
Tel. (416) 777-4426
shareholder@westfraser.com

View original content:https://www.prnewswire.com/news-releases/west-fraser-credit-facility-and-term-loan-renewals-increase-liquidity-302469886.html

SOURCE West Fraser Timber Co. Ltd.

FAQ

What changes did West Fraser (WFG) make to its credit facilities in June 2025?

West Fraser renewed its $1 billion credit facility extending maturity to May 2030 and increased its term loan from $200 million to $300 million with maturity extended to May 2028.

How much liquidity does West Fraser (WFG) have available as of Q1 2025?

West Fraser reported having more than $1.4 billion of available liquidity at the end of Q1 2025.

What is the new maturity date for West Fraser's (WFG) $1 billion credit facility?

The renewed $1 billion credit facility's maturity was extended from July 2028 to May 2030.

How much did West Fraser (WFG) increase its term loan by in June 2025?

West Fraser increased its term loan by $100 million, from $200 million to $300 million.