Luxor Industrial finalized a credit facility of C$5.275 million ($4.21 million) with HSBC Canada, which includes an operating line of C$1.5 million ($1.7 million). The credit facility also provides a standby letter of credit/guarantee loan facility, a foreign exchange loan facility and a Mastercard facility.

The operating line will be used to finance turnkey framing contracts that have been awarded to the company’s subsidiary, Mill Frame.

Vancouver, BC-based Luxor Industrial is involved in the development, engineering, manufacturing and marketing of engineered wood products.