West Fraser Secures $500M Term Loan, Declares $0.32 Dividend
Vancouver – September 19, 2026 -- West Fraser Timber Co. Ltd. has entered into a new $500 million three-year term loan maturing in September 2029, with part of the proceeds retiring its existing $300 million term loan due in 2028.
New financing boosts liquidity to over $1.2 billion pro forma
The Company's $1 billion syndicated credit facility remains outstanding on existing terms, with approximately four years remaining to its May 2030 maturity. Interest on the term loan continues to be payable at floating rates based on US Base Rate Advances or SOFR Advances at the Company's option. The loan is repayable in whole or in part at any time without penalty, though amounts paid down cannot be redrawn.