- KeyBank Expands Commercial Banking Teams in Chicago and Southern California to Serve the Middle Market
- Provident Expands Commercial Lending Team as Part of Regional Growth Strategy for Eastern Pennsylvania
- Appraisers See a Mixed Picture for Valuations
- SLR Business Credit Adds Mark J. Simshauser as Senior Vice President Supporting Growth in Northeast US
- Bob Seidenberger Joins Franklin Capital as VP of Sales
Taiga Announces New Credit Facility
December 21, 2022
By Newswire
BURNABY, BC, Dec. 21, 2022 /CNW/ - Taiga Building Products Ltd. ("Taiga" or the "Company") (TSX: TBL) announces that it has entered into a new $250 million senior secured revolving credit facility (the "Facility") with a syndicate of lenders led by the Bank of Montreal and including Scotiabank, Bank of America, TD Bank and CIBC. The Facility will mature on December 20, 2027 and is secured by a first perfected security interest in all real and personal property of the Company and certain of its subsidiaries.
Russ Permann, President and Chief Executive Officer of Taiga, commented: " We're very proud of the relationship we've built with our senior lenders. This credit facility renewal is a reflection of the strength of our enterprise and will support us in our pursuits in the coming months and years."
Russ Permann, President and Chief Executive Officer of Taiga, commented: " We're very proud of the relationship we've built with our senior lenders. This credit facility renewal is a reflection of the strength of our enterprise and will support us in our pursuits in the coming months and years."
