West Fraser Timber Co. Ltd. has entered into a new $500 million three-year term loan, with partial proceeds used to retire its existing $300 million term loan due in 2028. The new term loan matures in September 2029, while the company's $1 billion syndicated credit facility remains outstanding on existing terms with roughly four years left to its May 2030 maturity. Pro forma for the refinancing at the end of the second quarter, West Fraser would have had a cash balance of $219 million, no draw on its syndicated credit facility, available liquidity of over $1.2 billion, and a net debt to capital ratio of 5.4%. President and CEO Sean McLaren said the new term loan strengthens near-term liquidity and provides additional financial flexibility. The company also declared a quarterly dividend of US$0.32 per share on its Common shares and Class B Common shares, payable October 19, 2026 to shareholders of record on September 29, 2026.
West Fraser Timber Co LtdWest Fraser refinanced with a new $500M term loan, boosting liquidity and financial flexibility, and declared a US$0.32 quarterly dividend.
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