Conifex Secures Loan and Restarts Mackenzie, BC, Sawmill
On Wednesday, Conifex Timber Inc. announced that its wholly owned subsidiary, Conifex Mackenzie Forest Products Inc., completed a CA$19 million secured term loan with the Business Development Bank of Canada (BDC) under the Softwood Lumber Guarantee Program.
The loan matures July 15, 2033, and bears interest at BDC’s floating base rate minus 0.60% per year. It is secured by Conifex’s lumber business assets and allows for interest-only payments until August 2028. A portion of the proceeds was used to repay a bridge advance from the company’s existing senior secured timber lender, with the remaining funds available for working capital and general corporate purposes.
Conifex also said Wednesday that it successfully restarted its Mackenzie, BC, sawmill in February. Following completion of the term loan, the company said it is moving toward normalized operations and currently anticipates sustaining two-shift operations in the second half of 2026, subject to fiber supply conditions.
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