09:57 AM EDT, 07/28/2025 (MT Newswires) -- Interfor ( IFSPF ) on Monday said it recently closed an early renewal and extension of its revolving credit facility with its syndicate of "major" Canadian and U.S. banks.

The commitment amount under the facility was renewed at approximately $560 million, and the maturity of the facility was extended from December 2026 to July 2029.

The company said that the renewal includes several improved provisions that will "enhance" its financial flexibility, including a higher threshold as to when a minimum EBITDA interest coverage ratio covenant may apply.

The company also renewed its private shelf note purchase agreement with PGIM Inc, the principal asset management business of Prudential Financial(PRU). The agreement is valid until July 2028 and allows the company to issue up to US$550 million of senior secured notes.

The company's shares were last seen down 1.1% to $12.92 on the Toronto Stock Exchange.

Price: 12.98, Change: -0.08, Percent Change: -0.61