Brief: Conifex Lenders Approve Restructuring Plan

Conifex Timber

26/11/2019 01:38

Nov 25 (Reuters) - Conifex Timber Inc  CFF.TO :
    * CONIFEX LENDERS APPROVE RESTRUCTURING PLAN
    * CONIFEX TIMBER INC- AGENT FOR ITS LUMBER SEGMENT LENDERS
APPROVED IN PRINCIPLE CONIFEX'S PROPOSED ASSET DIVESTMENT AND
RESTRUCTURING PLAN
    * CONIFEX TIMBER- PLAN PROVIDES ADDITIONAL CREDIT SUPPORT TO
CO TO
FUND OPERATIONS WHILE IT IMPLEMENTS ITS ASSET DIVESTITURE PLAN
    * CONIFEX TIMBER- CONIFEX WILL CONSIDER CERTAIN ASSET
DIVESTITURES, AS WELL AS CERTAIN ALTERNATIVE OPTIONS, TO REPAY
ITS LUMBER SEGMENT CREDIT FACILITY
    * CONIFEX TIMBER INC - PLAN ALSO DEFERS LOAN REPAYMENTS
UNTIL
FEBRUARY 1, 2020 &PROVIDES A TEMPORARY FINANCING OF US$3.0
MILLION

Source text for Eikon:  ID:nGNX5w6Cb5 
Further company coverage:  CFF.TO 

 ((Reuters.Briefs@thomsonreuters.com;))