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    WEF   CA9582112038

WESTERN FOREST PRODUCTS INC.

(WEF)
  Report
Delayed Toronto Stock Exchange  -  05/20 04:00:00 pm EDT
1.840 CAD   -1.08%
05/05Western Forest Products Inc. Announces Election of Directors
PR
05/05Western Forest Products Inc. Announces Election of Directors
AQ
05/05Western Forest Products Inc. to Seek Acquisitions
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Western Forest Products Inc. Announces Transition of Its Current Credit Facility into A $250 Million Sustainability-Linked Credit Facility

07/21/2021 | 05:05pm EDT

Western Forest Products Inc. announced the transition of its current Credit Facility into a $250 million Sustainability-Linked Credit Facility (the "Amended Credit Facility"), further demonstrating Western's leadership in sustainability. As part of the transition, the maturity of the Amended Credit Facility has been extended to July 21, 2025 and will continue to include an accordion feature which allows Western to increase the aggregate amount available up to $350 million, subject to lender approval. The pricing grid and covenant package of the Amended Credit Facility is consistent with the current Credit Facility and will provide increased flexibility for Western to execute on its strategic priorities. The Amended Credit Facility incorporates incentive pricing terms that can reduce or increase Western's borrowing costs by up to 5 basis points based on the outcome of various sustainability-linked goals. Western has selected goals that are linked to improving health and safety performance, increasing workforce diversity and advancing mutually beneficial First Nations relationships. These goals are consistent with Western's core values and strategic priorities. The Company plans to utilize the Amended Credit Facility to support the execution of its strategic growth initiatives and for general corporate purposes. Royal Bank of Canada acted as Sole Bookrunner, Co-Lead Arranger, Administrative Agent and Sustainability Structuring Agent, partnering with Western to integrate the sustainability-linked goals into the Amended Credit Facility. The lending syndicate also included The Bank of Nova Scotia as Co-Lead Arranger, Canadian Imperial Bank of Commerce, Well Fargo Bank and The Toronto-Dominion Bank.


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All news about WESTERN FOREST PRODUCTS INC.
05/05Western Forest Products Inc. Announces Election of Directors
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05/05Western Forest Products Inc. Announces Election of Directors
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05/05Western Forest Products Inc. to Seek Acquisitions
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Analyst Recommendations on WESTERN FOREST PRODUCTS INC.
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Financials
Sales 2022 1 400 M 1 091 M 1 091 M
Net income 2022 139 M 109 M 109 M
Net cash 2022 209 M 163 M 163 M
P/E ratio 2022 4,48x
Yield 2022 2,69%
Capitalization 599 M 466 M 466 M
EV / Sales 2022 0,28x
EV / Sales 2023 0,22x
Nbr of Employees 2 051
Free-Float 99,7%
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Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 1,86 CAD
Average target price 2,70 CAD
Spread / Average Target 45,2%
EPS Revisions
Managers and Directors
Donald Eugene Demens President, Chief Executive Officer & Director
Stephen D. A. Williams Chief Financial Officer & Executive VP
Michael T. Waites Independent Chairman
Daniel Louis Nocente Lead Independent Director
Jane M. Bird Independent Director
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