Business
Interfor announces additional long-term debt financing Toronto Stock Exchange: IFP
VANCOUVER, British Columbia, March 2, 2020 (GLOBE NEWSWIRE) – INTERFOR CORPORATION (Interfor or the Company) (TSX: IFP) announced today that it has assessed US $ 50 million long-term debt financing with Prudential Capital Group, which adds to the 50 US $ million announced on February 18, 2020 for a total of $ 100 million. The additional senior secured notes will bear an annual interest rate of 3.25% and will mature in 2030. The financing is expected to close in March and the proceeds will be used for general corporate purposes.
At the end of the financing, Interfors long-term debt will have a weighted average interest rate of 4.08% with maturities that mainly lie in the years 2024-2030.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking information about the business outlook, objectives, plans, strategic priorities of the Company and other information which is not historical fact. A statement contains forward-looking information when the Company uses what it knows and expects today to make a statement about the future. Generally, statements containing forward-looking information can be identified by the use of words such as: believe, wait, want, plan, plan, target, budget, outlook, opportunity, risk, strategy or variations or language comparable, or statements that some of the actions, events or results may, could, would, happen, should, could happen or would not happen. Readers are cautioned that actual results may differ from the forward-looking information in this release, and undue reliance should not be placed on this forward-looking information. Risk factors that could cause actual results to differ materially from the forward-looking information contained in this press release are described in Interfors' annual management report under the Risks and Uncertainties section, available at www.interfor.com and under the Interfors profile on www. .sedar.com. Significant factors and assumptions used to develop forward-looking information in this news release include assumptions regarding interest rates and the availability of debt financing. Unless otherwise indicated, the forward-looking information contained in this press release is based on the Company's expectations as of the date of this press release. Interfor assumes no obligation to update this forward-looking information, except as required by law.
ABOUT INTERFOR
Interfor is a growth-oriented forest products company operating in Canada and the United States. The company has an annual lumber production capacity of approximately 3.0 billion board feet and offers one of the most diversified lumber product lines to customers around the world. For more information on Interfor, visit our website at www.interfor.com.
For more information:
Martin L. Juravsky, Senior Vice President and Chief Financial Officer
(604) 689-6873
Or
Mike Standbrook, Vice President and Treasurer of the Company
(604) 451-2828
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
picture credit
to request, modification Contact us at Here or [email protected]
 |
 |
 |
8 Comments