07:45 AM EDT, 06/02/2025 (MT Newswires) -- West Fraser Timber ( WFG ) on Monday said it has renewed its $1 billion credit facility and extended its maturity to May 2030 from July 2028.

The renewed credit facility is undrawn and is made available on the same terms and conditions as the current facility. The company has also increased and extended its existing $200 million term loan maturing next month. The new term loan is for $300 million and matures May 2028.

"We exited the first quarter of 2025 with more than $1.4 billion of available liquidity, and with this renewed credit facility and expanded term loan we have further strengthened West Fraser's near-term liquidity and financial flexibility," said Sean McLaren, chief executive.

The company's shares were last seen down US$0.01, to US$73.47, in U.S. pre-market trading.