Nip Impressions logo
Fri, Mar 29, 2024 10:25
Visitor
Home
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
Search
My Profile
Login
Logout
Management Side
Conifex Timber gets $130 million to restart El Dorado, Arkansas mill

EL DORADO, Ark. (From Arkansas Business) -- Conifex Timber Inc. of Vancouver said this week that it received a $130 million secured revolving credit facility to fund the modernization and restart of its sawmill in El Dorado.

The company, whose lumber products are sold in the U.S., China, Japan and Canada, said the credit facility is scheduled to close on Friday.

"This financing is a key element of our planned expansion into the U.S. South to achieve revenue diversification and reduce cash flow volatility in our lumber segment," Ken Shields, Conifex's chairman and CEO, said in a news release.

Conifex purchased the former Georgia-Pacific complex for $21 million in August 2015. It was among several Canadian firms snapping up holdings in the U.S. South.

The property includes about 186 acres of land.

*****

Take our annual reader survey here


Printer-friendly format

 





Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: