Western Forest Products Enters Into New $30 Million Bilateral Term Loan
VANCOUVER, British Columbia, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that it has entered into an amendment to its $250 million syndicated credit facility to allow for the concurrent closing of a new $30 million bilateral term loan (the “Term Loan”) with Royal Bank of Canada. The Term Loan has an initial maturity of July 21, 2028, with the potential to extend the term for a total of up to 90 months, and is incremental to the Company's existing $250 million syndicated credit facility (the “Credit Facility”). The Term Loan is guaranteed by Business Development Canada under its Softwood Lumber Guarantee Program and is subject to the same financial covenants as the existing Credit Facility, which remain unchanged. Proceeds from the Term Loan will be used to repay outstanding drawings of the Credit Facility. A copy of the amendment will be filed under the Company's profile on SEDAR+ at www.sedarplus.ca.
