Conifex Announces Secured Term Loan with BDC under the Softwood Lumber Guarantee Program

Core Viewpoint - Conifex Timber Inc. has secured a $19 million term loan to support its operations and has successfully restarted its sawmill, aiming for normalized operations in the second half of 2026 [1][3]. Financial Details - The term loan has a maturity date of July 15, 2033, with an interest rate of BDC's floating base rate minus 0.60% per year, and is secured by Conifex's lumber business assets [2]. - Interest-only payments are allowed until August 2028, with part of the loan used to repay a bridge advance from an existing senior secured timber lender [2]. Operational Updates - Conifex has restarted its sawmill in February 2026 and anticipates sustaining two-shift operations in the latter half of 2026, depending on fiber supply conditions [3]. - The company plans to release its fourth quarter 2025 results on March 13, 2026, and has scheduled a conference call to discuss these results [4]. Company Overview - Conifex Timber Inc. engages in timber harvesting, reforestation, forest management, sawmilling, and bioenergy production, with its products sold in the U.S., Canada, and Japan [5].