West Fraser Timber Co. Ltd. announced on June 2, 2025, that it has entered into a syndicated credit agreement to renew its $1 billion credit facility. This renewal extends the facility's maturity from July 2028 to May 2030, providing the company with enhanced long-term financial stability.
In addition to the credit facility renewal, West Fraser also increased and extended its existing term loan. The new term loan is for $300 million, up from $200 million, and matures in May 2028, further strengthening the company's capital structure.
Sean McLaren, President and CEO of West Fraser, stated that these actions have further strengthened the company's near-term liquidity and financial flexibility. The company exited the first quarter of 2025 with more than $1.4 billion of available liquidity, and these renewals bolster that position.
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