Western Forest Products Enters Into New US$30 Million Bilateral Letter of Credit Facility

Core Viewpoint - Western Forest Products Inc. has amended its $250 million syndicated credit facility to include a new US$30 million bilateral letter of credit facility with the Royal Bank of Canada, which is guaranteed by Export Development Corporation of Canada [1]. Company Overview - Western Forest Products Inc. is an integrated forest products company focused on building a margin-oriented log and lumber business to compete in global softwood markets [2]. - The company operates primarily on the coast of British Columbia and Washington State, supplying high-value specialty forest products to global markets [2]. - Western has a lumber capacity of 780 million board feet from six sawmills, along with four remanufacturing facilities and two glulam manufacturing facilities [2]. - Timber is sourced from long-term licenses, First Nations arrangements, and market purchases, supplemented by a wholesale program offering a comprehensive range of specialty products [2].