Western Forest Products Inc. (WEF.TO) said Friday it has finalized an agreement to refinance its existing revolving term loan facility on improved terms.
Under the terms, availability on Western's existing $75 million revolving term loan has been increased to $110 million. In addition, pricing for the revolving term loan has improved, and maturity of the facility is now June 29, 2016.
Under the terms of the new arrangement, Western's liquidity position at March 31, 2012 would have been $149.9 million, compared to $114.9 million under the previous facility.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.