04:46 PM EDT, 09/25/2025 (MT Newswires) -- Interfor ( IFSPF ) on Thursday it is raising $125 million in a bought-deal offering of shares and said it will take a non-cash charge in its third-quarter results because of a weakening lumber market.

The forest-products company is selling an underwriting syndicate 12.440-million shares priced at $10.05 each. Additionally, the company has granted an 15% over-allotment option.

Interfor ( IFSPF ) also noted lumber market have weakened substantially over the third quarter "as reflected in a 16% decline in the Framing Lumber Composite benchmark price. At the same time, the softwood lumber duty cash deposit rate imposed by the U.S. on shipments from Canada increased materially to 35.16%. This duty rate increase, combined with other factors, required Interfor ( IFSPF ) to record an incremental non-cash duty expense of approximately US$125 million in the current quarter".

The offering is set to close on October 1, with proceeds earmarked to pay down debt and for general corporate purposes.

Interfor ( IFSPF ) shares closed down $0.42 to $10.78 on the Toronto Stock Exchange.