Conifex secures up to $30 million Canada tariff loan to sustain operations amid lumber market downturn

Bitget2026/09/18 18:03

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Conifex Timber secured up to $30 million Government of Canada repayable loan under the Large Enterprise Tariff Loan program.
Funding targets liquidity to sustain operations during disrupted lumber markets, supporting plans to restore two-shift production at Mackenzie sawmill.
Facility carries a 7-year term, market-based interest rate, secured by substantially all property, with mixed ranking versus existing secured lenders.
Existing lumber lender agreed to reimburse up to $11 million of capital spending aimed at improving Mackenzie mill performance and EBITDA.
Financing includes planned warrant issuance to CEEFC, new PenderFund warrants, and an extension of PenderFund’s outstanding warrants to Jan. 17, 2031.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Conifex Timber Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609181402PRIMZONEFULLFEED9829747) on September 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Conifex secures up to $30 million Canada tariff loan to sustain operations amid lumber market downturn

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